USD/JPY surges towards weekly R1 at 109.18

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 52% 62% -19.23%
Shorts 48% 38% 20.83%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

Due to the fact that the previous patterns were broken, the chart was fully reviewed to draw freshly new patterns. 

During Thursday's morning hours, the currency exchange rate was surging towards the weekly R1 which is located at the 109.18 mark. Moreover, the surge is supported by the 55-hour simple moving average.  

It is expected that the USD/JPY will reach the 109.00 level during the trading session.

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