USD/JPY bearish today

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 74% 71% 4.05%
Shorts 26% 29% -11.54%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Thursday's trading session did not introduce significant changes to the pair's price level, as any attempts to move either direction were restricted by the 100-hour SMA and the weekly S1. The former was breached to the upside early on Friday, thus clearing the way until the weekly PP and the 200-hour SMA at 109.50. 

In case no fundamentals surprise the market, it is unlikely that this level is breached, as it is likewise reinforced by the 200-period SMA on the 4H chart. Thus, it is expected that the pair is tended south in this session. The nearest support is the 55– and 100-hour SMAs at 108.80. The given fall should not stop there but continue even lower until the 108.40 mark.

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