USD/JPY surges to dominant pattern line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 48% 49% -2.1%
 Shorts 52% 51% 1.9%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Sell Neutral Neutral
 Stochastic(5;3;3) Neutral Sell Sell
 Alligator(13;8;5) Buy Buy Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

During the previous trading session, the rate was testing the weekly R2 at 110.51. During Wednesday's midnight hours, the weekly R2 supported the currency exchange rate at the 110.70 mark. 

It is expected that the US Dollar will continue appreciating against the Japanese Yen to break the resistance of the 61.80% Fibonacci retracement level at 110.77. 

Moreover, today's US CPI and Core CPI data release at 13:30 GMT will support the US Dollar to end the trading session at the 110.80 level.

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