USD/JPY could reach R1 at 112.10

Note: This section contains information in English only.
Source: Dukascopy Bank SA

PositionsTodayYesterdayChange
Longs34%35%-3.4%
Shorts66%65%1.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralSellSell
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate


On Tuesday, the currency exchange rate passed the support of the 55-hour simple moving average to end the trading session at 111.60. During Wednesday's morning hours, the 100-hour simple moving average supported the rate to push it to the 111.86 mark. 

Most likely, the US Dollar will continue appreciating against the Japanese Yen to break the resistance of the monthly R1 at 112.10 to trade at the 112.20 level.  

Meanwhile, the 100-hour simple moving average will try to support the rate during the day.

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.