USD/JPY bullish bias

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%33%-23.1%
Shorts73%67%8.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇗⇒

[ANNOUNCE]On Tuesday, the US Dollar surged by 30 pips or 0.27% against the Japanese Yen. The currency pair was guided by the 55– hour simple moving average during Tuesday's trading session.[/ANNOUNCE]

Given that the 55–, 100– and 200– hour SMAs are below the price level, buyers could continue to pressure the USD/JPY exchange rate higher during the following trading session.

However, the currency exchange rate could encounter resistance at 110.84 within this session.

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