USD/JPY could decline in short run

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%43%14.8%
Shorts50%57%-15.0%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)SellBuySell
Aggregate

On Monday, the USD/JPY currency pair reversed south from the Fibo 23.60% at 105.03. During today's morning, the pair declined below 104.40.

It is likely that the exchange rate could decline in the nearest future as it is pressured by the 55– and 200-hour SMAs, as well the weekly PP near 104.60. In this case the rate could decline below the 104.00 mark.

In the meantime, it is unlikely that bulls could prevail in the market in the short term, and the currency pair could exceed the given Fibonacci retracement.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.