USD/JPY moves between two SMAs

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

Positions Today Yesterday % Change
Longs 40% 40% 0.00%
Shorts 60% 60% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

In the end of the previous week the currency exchange rate made a breakout from the rising wedge formation.  

However, because of a decreased liquidity that was caused by Christmas holidays it failed to make a rebound from the lower trend-line of a junior ascending channel. 

At the moment, it is moving horizontally being squeezed between the 55- and 100-hour SMAs. As there are no important data releases scheduled today, such steady movement is expected to continue. 

In larger perspective the pair might slip back to the weekly PP because of existence of an alleged resistance zone located near the 113.35 and 113.40 marks. However, there is a need to take into account that almost 56% of pending orders in 100-pip range are set to buy.

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