USD/JPY surpassed 108.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%43%10.0%
Shorts52%57%-9.4%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

On Friday, the USD/JPY currency pair declined to the 108.00 level. During today's morning, the pair declined below the given level.

Note that the exchange rate is pressured by the 55-hour SMA near 108.90. Thus, some downside potential could prevail in the market. In this case the rate could gain support of the Fibo 23.60% and the weekly S1 in the 106.50/107.00 range.

However, if the 107.50 level holds, it is likely that a reversal north could occur in the short term. In this case it is unlikely that the currency pair could exceed the weekly PP at 109.09.

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