USD/JPY could surge to 61.80% Fibo

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 44% 44% 0.0%
 Shorts 56% 56% 0.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Sell
 Alligator(13;8;5) Neutral Buy Sell
 SAR(0.02;0.2) Buy Sell Sell
 Aggregate

During the previous trading session, the currency exchange rate was trading sideways at the 110.00 level as it was predicted. On Monday morning, the rate was resisted by the 55-hour SMA at the 110.59 mark.  

In regards to the near-term future, it is expected that the 55-hour simple moving average will support the rate to help it to break the resistance level of the 100-hour SMA. In this case, the rate will surge to the 61.80% Fibo at 110.77. 

On the other hand, the resistance levels of the 55-hour and the 100-hour SMAs could resist the rate to the weekly pivot point at 110.46.

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