USD/JPY dropped to 102.30

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs66%72%-9.1%
Shorts34%28%17.7%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellSellSell
Aggregate

At the previous trading session, the USD/JPY currency pair surpassed the 104.50 level. During Monday morning, the pair tumbled to the 102.30 mark.

From the one hand, it is likely that some downside potential could continue to prevail in the market. In this case the exchange rate could target the weekly S3 at 100.48.

On the other hand, a reversal north could occur in the short term. In this case the currency pair could face the resistance level formed by the weekly S1 at 104.07.

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