USD/JPY bearish in this trading session

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

Positions Today Yesterday % Change
Longs 53% 53% 0.00%
Shorts 47% 47% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Strong upside momentum guided USD/JPY for the whole trading session on Monday prior to reversing to the downside early on Tuesday. The US Dollar returned below the monthly PP at 111.80 and is expected to remain there, as bearish technical indicators suggest the prevalence of downside risks. From technical point of view, the pair broke the descending channel patter; thus a retracement down to the 111.30 mark, approximately, is likely to occur. There, the 200-hour SMA should support the rate, thus limiting further depreciation. The 55– and 100-hour SMAs in the 111.35/45 area may likewise halt the pair. The most important fundamentals scheduled for today are data on consumer confidence at 1400 GMT and Fed Yellen's speech at 17:00 GMT.

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.