USD/JPY might bounce off 61.80% Fibo

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 44% 45% -2.3%
 Shorts 56% 55% 1.8%
       
 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) Buy Buy Sell
 SAR(0.02;0.2) Sell Buy Sell
 Aggregate

During Wednesday's trading session, the rate was trading sideways to end the trading day at 110.60 as it was predicted. On Thursday morning, the currency exchange rate was trading between the 55-hour and the 100-hour simple moving averages to be located at the 110.74 mark. 

In regards to the near-term future, most likely, the rate will bounce off the 61.80% Fibo at 110.77 to trade sideways at the 110.60 level. 

However, today's US Durable Goods Orders and Core Durable Goods Orders data release at 13:30 GMT could push the US dollar to appreciate against the Japanese Yen to break the resistance of the 61.80% Fibo to trade at the 110.80 level.

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