USD/JPY tests resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs36%38%-5.8%
Shorts64%62%3.3%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

On Tuesday, the USD/JPY currency pair tried to exceed the 108.50 level. During today's morning, the pair was testing the resistance formed by the Fibo 38.20% and the 55-hour SMA near 107.90.

If the given resistance holds, it is likely that some downside potential could prevail in the market. In this case the exchange rate could gain support from the weekly S1, the monthly PP and the Fibo 50.00% in the 106.70 area.

If the given support level holds, the US Dollar could consolidate against the Japanese Yen in the short run. Also, it is unlikely that the bulls could prevail, and the pair could exceed the Fibo 23.60% at 109.34.

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.