USD/JPY trades sideways at 111.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs35%36%-3.4%
Shorts65%64%1.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)SellBuyBuy
Aggregate

During Friday's trading session, the currency exchange rate was supported by the 55-hour simple moving average after which, the rate slumped to the 111.40 level. On Monday morning, the rate resisted by the 100-hour SMA to be located at the 111.50 mark. 

In regards to the near-term future, the rate will break the weekly pivot point at 111.46 mark to trade sideways at the 111.50 level. 

However, the resistance levels of the 55-hour and the 100-hour simple moving averages could retrace the rate to push it to depreciate to the bottom boundary of the trend line at the 111.20 level.

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