The US Dollar depreciated 0.12% against the Japanese Yen since Friday’s session. On Monday, the US Dollar was located at the 113.79 mark.
In regards to the near-term future, the US dollar will trade sideways due to the resistance of the 55-hour and the 100-hour SMAs together with the resistance of the weekly PP at the 113.94 mark. Moreover, the rate is supported by the 200-hour SMA and the medium ascending pattern’s bottom line, which should not let the rate to go downwards during the day.
However, the strong resistances may let the rate to pass the supports, and on the other side, the strong supports may let the rate to break the resistances.
