USD/JPY is supported by 200-hour SMA

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Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 44% 46% -4.5%
 Shorts 56% 54% 3.6%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Buy Neutral Sell
 Alligator(13;8;5) Neutral Buy Sell
 SAR(0.02;0.2) Sell Buy Sell
 Aggregate ⇒ ⇗ ⇓

[ANNOUNCE] During the previous trading session, the USD/JPY passed through the support level of the weekly R1 at 110.51. On Friday morning, the 200-hour simple moving average supported the rate to push it to trade at the 110.38 mark. 

[/ANNOUNCE] In regards to the near-term future, it is expected that the currency exchange rate will trade sideways to stay at the 110.20 level during the day. 

However, the 200-hour simple moving average could give additional support to the rate to break the resistance of the weekly R1 to trade at the 110.60 level.

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