USD/JPY supported by 55– and 100-hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs36%38%-6.9%
Shorts64%62%3.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

During the previous trading session, the USD/JPY currency pair touched the 200-hour SMA at 107.40. During Monday morning, the pair was trading at 107.75.

Given that the exchange rate is supported by the 55– and 100-hour SMAs near 107.65, it is likely that some upside potential could prevail in the market. In this case the rate could target the weekly R1 at 108.14.

However, if the pair fails to exceed the 107.80 level, it is likely that the US Dollar could trade sideways against the Japanese Yen within the following trading session.

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