USD/JPY exceeded 107.40

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%48%1.8%
Shorts51%52%-1.7%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Yesterday, the USD/JPY currency pair tried to surpass the 107.40 level. During Tuesday morning, the pair exceeded this level.

From a theoretical point of view, it is likely that the exchange rate could trade upwards within the rising wedge pattern. Note that the rate would have to surpass the resistance formed by the monthly PP and the weekly R1 in the 107.65 area.

If the given resistance holds, it is likely that the US Dollar could consolidate against the Japanese Yen within the following trading session.

Also, it is unlikely that bears could prevail in the market, and the rate could decline below the 107.14/107.26 area due to the support formed by the 55– and 100-hour SMAs, as well the weekly PP.

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.