USD/JPY tries to break from triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 40% 41% -2.50%
Shorts 60% 59% 1.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Despite release of mostly negative employment data on Friday, the currency exchange rate managed to break through 50% Fibonacci retracement level located at 113.00 and the upper-boundary of one-month long symmetrical triangle. As the pair has crossed already most of the technical indicators, the surge is expected to continue. 

On the other hand, in order to continue moving towards the weekly R1, the rate needs to break through the upper trend-line of a larger symmetrical triangle. 

In smaller perspective this pattern might halt the soar of the buck. However, in monthly perspective, it is still expected to continue heading upwards, thus trying to reach the boundary of a one-year long dominant descending channel.

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