USD/JPY breaks a large channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 53% 50% 5.66%
Shorts 47% 50% -6.38%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar appreciated 0.47% against the Japanese Yen since Tuesday's session. The currency exchange rate experienced the 55-hour and 200-hour SMAs squeeze breakout which lead the rate to move upwards during Wednesday's morning hours. 

In theory, the rate should take the upper boundary of the large channel as a resistance barrier and bounce off the line to move backwards into the channel. 

However, the USD/JPY could break the large channel and go up towards the weekly R1 at the 111.75 level.

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