USD/JPY aims to R2 at 110.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 54% 50% 7.3%
 Shorts 46% 50% -8.6%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Sell Sell
 Alligator(13;8;5) Buy Neutral Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

During the previous trading session, the rate was supported by the 100-hour simple moving average to break the resistance of the 55-hour simple moving average. On Thursday morning, the rate was located at the weekly R1 at the 110.01 mark. 

In regards to the near-term future, most likely, the simple moving averages together with the support of the weekly R1 will push the currency exchange rate towards the weekly R2 at the 110.50 mark. 

On the other hand, the rate could break the resistance of the weekly R1 at 110.01 to trade sideways at the 110.20 level for the rest of the trading session.

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.