USD/JPY still above large channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 50% 50% 0.00%
Shorts 50% 50% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The US Dollar depreciated 0.05% against the Japanese Yen since Wednesday's session. The currency exchange rate fit back into the pattern during the previous trading session but broke the large descending channel again at the 111.34 mark during Thursday's morning hours. 

In regards to the future, most likely, the rate should go upwards due to the SMAs support combined with the help of the large descending channel upper boundary line, giving a new direction to the USD/JPY pair on Thursday. 

However, the weekly R1 at the 111.72 may resist to push the rate back to the previously drawn pattern.

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