USD/JPY remains below 110.40

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs33%35%-5.2%
Shorts67%65%2.6%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyNeutralBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

On Monday, the US Dollar rose by 29 pips or 0.26% against the Japanese Yen. But, the currency pair remained below the 110.40 area during Tuesday's trading session.

As for the near future, the exchange rate could continue to edge higher in an ascending channel pattern. The potential target for buyers will be near the weekly R1 at 110.84.

However, the currency exchange rate could continue to consolidate below the 110.40 level within this session.

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