USD/JPY tests weekly S2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs72%64%11.6%
Shorts28%36%-29.9%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellSellSell
Aggregate

Yesterday, the USD/JPY currency pair dropped to the 106.00 level. During Friday morning, the pair declined below 105.50.

It is likely that the exchange rate could gain support from the weekly S2 at 104.92 and reverse north in the short term. In this case it is unlikely that the rate could exceed the weekly S1 at 106.50.

However, if the given support level does not hold, the US Dollar could continue to depreciate against the Japanese Yen. In this case the currency pair could renew the 2019 low at 104.67.

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