USD/JPY to re-test weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs38%42%-13.0%
Shorts62%58%7.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuySellBuy
Aggregate

During today's morning, the USD/JPY currency pair bounced off the weekly R1 at 105.62.

It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP and the Fibo 23.60% in the 105.00/105.20 range. Thus, the rate could trade upwards in the short run.

However, if the predetermined resistance level holds, the US Dollar could trade sideways against the Japanese Yen within the following trading session.

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