USD/JPY will depreciate to S1 at 109.14

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 37% 39% -5.41%
Shorts 63% 61% 3.17%
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) Sell Buy Sell
Aggregate

During Wednesday's morning hours, the currency exchange rate was supported by the 55-hour simple moving average at the 109.36 mark. 

In regards to the near-term future, most likely, the rate will be retraced by the weekly S1 at 109.14 to trade at the 109.20 level for the rest of the trading session.  

Moreover, the 55-hour simple moving average could resist the currency exchange rate to push the rate to pass through the support level of the weekly S1 at 109.14 to trade at the 109.00 level.

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