USD/JPY could remain stable

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 71% 71% 0.00%
Shorts 29% 29% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The US Dollar was fluctuating considerably against the Yen during the previous trading session. The pair tried to edge higher in the morning but was stopped by the strong resistance of the 55-, 100– and 200-hour SMAs. It subsequently fell down to the 108.30 mark—slightly above the bottom boundary of a medium-term channel. 

The US Dollar might still appreciate in this session; however, gains should be limited by the aforementioned SMAs and the weekly PP near the 109.20 mark. This could pressure the pair down to the weekly S1 at 108.00. 

Given that there is a bank holiday in Japan and no fundamentals coming from the United States, this session could mark no major changes to the pair's current position, unless high turbulence in the equities market result in higher demand for the Yen.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.