USD/JPY tests resistance level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs64%63%2.2%
Shorts36%37%-3.9%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

Yesterday, the USD/JPY currency pair raised to the 105.50 level. During Friday morning, the pair raised to the resistance level formed by the weekly PP and the monthly S1 at 106.32.

If the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case it is unlikely that the exchange rate could decline below the weekly S2 at 102.74.

Otherwise, it is likely that the US Dollar could appreciate against the Japanese Yen in the short term. In this case the currency pair would have to surpass the weekly R1 at 107.65.

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