USD/JPY surges above 109.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%41%2.4%
Shorts58%59%-1.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellSell
Aggregate

The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session.

Given that a breakout had occurred, bullish traders could continue to pressure the exchange rate higher during the following trading session. The potential target for buyers would be near the 109.40 area.

However, a resistance line at 109.25 could provide resistance for the USD/JPY currency exchange rate within this session.

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