USD/JPY remains below weekly S1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%44%-4.4%
Shorts58%56%3.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellBuy
Aggregate

Yesterday, the USD/JPY currency pair tried to surpass the weekly S1 at 108.03. During Friday morning, the pair was trading at 107.80.

On the one hand, the exchange rate could gain support from the 55– and 100-hour SMAs near 107.60. Note that the rate would have to surpass the 200-hour SMA and the Fibo 50.00% in the 108.10/108.35 range.

However, if the weekly S1 holds, it is likely that the US Dollar could continue to trade upwards against the Japanese Yen in the short run.

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