USD/JPY trades under resistances

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 60% 58% 3.33%
Shorts 40% 42% -5.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

During the previous trading session, the US Dollar passed the resistance of the 38.20% Fibonacci retracement level to end the trading session at 108.48. During Friday morning hours, the currency exchange rate was resisted by the 100-hour simple moving averages to the 108.30 mark.  

It is expected that the currency exchange rate will be trading sideways between the 38.20% Fibo at 108.43 and the weekly pivot point at 107.96.  

On the other hand, the US Dollar could be depreciated against the Japanese Yen during today's US CPI and Core CPI data releases at 13:30 GMT to trade below the weekly pivot point at the 107.60 level.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.