USD/JPY will surge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 50% 47% 6.00%
Shorts 50% 53% -6.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar appreciated 0.44% against the Japanese Yen since Monday's session. The currency exchange rate experienced the 100-hour and 200-hour SMAs squeeze breakout which lead the rate to move upwards during Tuesday's morning hours. 

In regards to the near future, the US Dollar might go upwards and bounce off the upper boundary of the large channel, which will push the rate back into the medium channel. 

However, the rate might break the large channel and move towards the weekly R1 at the 111.75 mark, but the R1 resistance level should stop the rate at 111.60 level.

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