USD/JPY remains above 105.30

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs36%33%7.3%
Shorts64%67%-4.1%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇒⇘
[ANNOUNCE]

The USD/JPY currency pair continued to test the support formed by the weekly S1 and the monthly PP in the 105.30 area.

[/ANNOUNCE]

Given that the exchange rate is pressured by the 55-hour SMA near 105.40, it is likely that some downside potential could prevail in the market. In this case the rate could target the Fibo 23.60% at 105.03.

Meanwhile, if the predetermined support holds, the US Dollar could trade sideways against the Japanese Yen within the following trading session.

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