USD/JPY trades at 109.00 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 68% 68% 0.00%
Shorts 32% 32% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Buy
Alligator (13; 8; 5) Neutral Sell Neutral
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

During Tuesday morning hours, the rate was trading at the upper boundary of the medium descending pattern line at the 108.91 mark. Besides, the USD/JPY was supported by the 55-hour and the 100-hour simple moving averages.  

Most likely, the currency exchange pair will get retraced by the medium pattern line to push the rate to trade at the previously drawn pattern near the 38.20% Fibonacci retracement level at the 108.43 mark. 

On the other hand, the rate could break the medium pattern line at the 108.91 mark to trade towards the 50.00 Fibonacci retracement level at the 109.60 mark.

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