USD/JPY breaks dominant pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 46% 48% -4.3%
 Shorts 54% 52% 3.7%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Sell Neutral Neutral
 Stochastic(5;3;3) Sell Sell Sell
 Alligator(13;8;5) Buy Buy Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

During the previous trading session, the USD/JPY broke the dominant pattern line at 110.82. On Thursday morning, the rate was trading above the monthly R1 at the 111.04 mark. Note, some corrections were applied to the chart!  

In regards to the near-term future, most likely the currency exchange rate will trade sideways between the freshly drawn dominant pattern line and the monthly R1 to stay at the 111.00 level. 

On the other hand, the US Dollar could appreciate against the Japanese Yen to the 111.20 level during today's US Retails Sales, Core Retail Sales, PPI and Core PPI data release at 13:30 GMT.

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