USD/JPY will squeeze to break-out

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 45% 44% 2.2%
 Shorts 55% 56% -1.8%
       
 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) Buy Buy Sell
 SAR(0.02;0.2) Sell Buy Sell
 Aggregate

During the previous trading session, the currency exchange rate was trading sideways below the 61,80% Fibo at 110.60. On Friday morning, the rate was located at the 110.87 mark. 

In regards to the near-term future, most likely, the US Dollar will bounce off the upper boundary of the freshly drawn medium pattern line at 110.90 to trade sideways during the trading session. 

On the other hand, the rate could break the resistance of the freshly drawn medium pattern line at 110.90 to trade at the 111.00 level.

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