USD/JPY could surge to 61.80% Fibo

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Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 44% 44% 0.0%
 Shorts 56% 56% 0.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Sell
 Alligator(13;8;5) Neutral Buy Sell
 SAR(0.02;0.2) Buy Sell Sell
 Aggregate ⇗ ⇒ ⇓

[ANNOUNCE] During the previous trading session, the currency exchange rate was trading sideways at the 110.00 level as it was predicted. On Monday morning, the rate was resisted by the 55-hour SMA at the 110.59 mark.  

[/ANNOUNCE] In regards to the near-term future, it is expected that the 55-hour simple moving average will support the rate to help it to break the resistance level of the 100-hour SMA. In this case, the rate will surge to the 61.80% Fibo at 110.77. 

On the other hand, the resistance levels of the 55-hour and the 100-hour SMAs could resist the rate to the weekly pivot point at 110.46.

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