USD/JPY might consolidate

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs60%55%7.4%
Shorts40%45%-10.9%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇗⇘⇘
[ANNOUNCE]

On Monday, the USD/JPY currency pair was trading sideways around the monthly PP at 106.09. During today's morning, the pair maintained its consolidation.

[/ANNOUNCE]

It is likely that the exchange rate could gain support from the 55-hour SMA near 105.70 and extend gains in the short run. In this case the rate could face the resistance area formed by the weekly R1 and the Fibo 38.20% in the 106.63/106.86 range.

If the given resistance area holds, it is likely that the US Dollar could trade sideways against the Japanese Yen within the following trading session.

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