USD/JPY faces resistance without support

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

Positions Today Yesterday % Change
Longs 46% 48% -4.35%
Shorts 54% 52% 3.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate
The US Dollar has surged against the Japanese Yen in the second half of Friday's trading and on Monday morning.  

However, the rate has encountered a resistance cluster near the 110.70 mark. Namely, the weekly PP and the 55-hour simple moving average were providing resistance at that level.

Meanwhile, the pair had no support as low as 110.37, where a monthly pivot point level was located at. 

It can be expected that the rate will decline either due to the mentioned resistance or due to additional SMAs approaching from the upside.

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