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

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%42%14.1%
Shorts51%58%-13.6%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

During Thursday, the USD/JPY currency pair traded downwards. During today's morning, the pair was testing the resistance provided by the 55– and 100-hour SMAs near 105.80.

If the given resistance holds, it is likely that some downside potential could prevail in the market. In this case the exchange rate could re-test the support formed by the weekly S2 and the Fibo 23.60% near 105.00.

Otherwise, it is likely that the currency pair could re-test the resistance formed by the 200-hour SMA and the monthly PP in the 106.10 area.

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