USD/JPY remains below monthly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%55%5.8%
Shorts42%45%-8.1%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

On Friday, the USD/JPY currency pair raised to the 106.00 level. During today's morning, the pair was trading near the given level.

It is likely that the exchange rate could remain under pressure of the monthly PP at 106.09 and reverse south from the short run. In this case the rate could gain support from the 55-, 100– and 200-hour SMAs in the 105.50/105.70 area.

If the given moving averages hold, it is likely that the currency pair could trade sideways. Otherwise, the pair could decline to the weekly S1 at 105.33.

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