USD/JPY might depreciate to 111.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs39%37%3.8%
Shorts61%63%-2.4%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellSellBuy
Aggregate

During Monday's trading session, the currency exchange rate passed the support level of the 200-hour simple moving average to end the trading session at 111.20. On Tuesday morning, the rate was trading sideways at the 111.28 mark. 

In regards to the near-term future, it is expected that the rate will break the pattern line at the 111.21 mark. In this case, most likely, the rate will end the trading session at the 111.00 level. 

However, the pattern line at the 111.21 mark could support the rate to push it to the 111.40 level.

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