USD/JPY supported by SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 45% 39% 13.33%
Shorts 55% 61% -10.91%
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 Buy
Aggregate

During Thursday's trading session, the rate was resisted by the 55-hour SMA to pass through the 61.80% Fibo to end the trading day at the 112.21 mark. On Friday morning, the US Dollar broke the resistance of the monthly pivot point at 112.96 and the 55-hour SMA to trade at the 112.91 mark. 

In regards to the near-term future, most likely, the currency exchange pair will trade sideways in the range between the 61.80 % Fibo and the weekly R2 at the 113.56. It is expected that the SMA will try to help the rate to surge to 113.40. 

On the other side, the US Dollar might depreciate during today's US Employment data sets release at 12:30 GMT to push the rate to trade downwards to 112.60 level.

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