USD/JPY bullish bias

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%33%-23.1%
Shorts73%67%8.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

On Tuesday, the US Dollar surged by 30 pips or 0.27% against the Japanese Yen. The currency pair was guided by the 55– hour simple moving average during Tuesday's trading session.

Given that the 55–, 100– and 200– hour SMAs are below the price level, buyers could continue to pressure the USD/JPY exchange rate higher during the following trading session.

However, the currency exchange rate could encounter resistance at 110.84 within this session.

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