USD/JPY might reach 112.00

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

Positions Today Yesterday % Change
Longs 49% 48% 2.04%
Shorts 51% 52% -1.96%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The US Dollar continued to plummet in value against the Japanese Yen on Tuesday. Namely, the rate had fallen down tot he 112.15 mark by the middle of the day. At that level a 50.00% Fibonacci retracement level was located at.  

If the level does not stop the decline of the pair, it will reach for the lower trend line of the dominant ascending pattern near the 112.00 level. 

On the other hand, the rate might bounce off the Fibo and surge up to the 112.30 level. At that level the 200-hour simple moving average together with the weekly PP were located at.

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