USD/JPY will drop to 111.40 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 47% 38% 19.15%
Shorts 53% 62% -16.98%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The US Dollar appreciated 0.43% against the Japanese Yen since Thursday's session. During the previous trading session, the currency pair was trading below the weekly S3 at the 111.80 level. On Friday, the US Dollar was trading between the weekly S3 and the monthly PP at the 112.43 mark. 

In regards to the near-term future, most likely, the US dollar will trade downside due to the resistance of the 55-hour SMA. It is expected that the rate will drop to the 111.40 level during the day. 

However, the US Dollar might trade sideways to stay at the 112.00 level due to a lack of fundamentals during the trading session.

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