USD/JPY points to limited fall

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

Positions Today Yesterday % Change
Longs 74% 71% 4.05%
Shorts 26% 29% -11.54%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Following two sessions of sideways movement, the Greenback eventually managed accelerated against the Yen on Friday . The pair found support at the 55-hour SMA early in the day and subsequently dashed through the 100– and 200-hour SMAs and the 50.00% Fibonacci retracement. 

The pair stopped at the 100-period (4H) SMA late on Friday and was trading at this line early today, as well. This has left the rate in a narrow 109.80/20 range. Even though technical indicators are located in the overbought territory and thus are pointing to a decline today, this fall is unlikely to be significant due to the 200-hour and 200-period (4H) SMAs, among other support levels, restricting the 109.20/30 area. 

In terms of the upside, the Greenback should find resistance at the weekly R1 and the 61.80% Fibo at 110.20.

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.