Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 60% | 60% | 1.0% |
Shorts | 40% | 40% | -1.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Sell | Neutral |
Alligator(13;8;5) | Buy | Sell | Sell |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇘ | ⇒ |
On Monday, the USD/JPY currency pair went upwards and reached the upper boundary of the short-term ascending channel at 110.20. During today's morning, the pair was testing the given line.
From a theoretical perspective, it is expected, that a reversal north could occur in the nearest future. In this case, the exchange rate would be supported by the 55-hour SMA and the monthly S2 at 109.97.
However, if the given channel does not hold, a breakout north could occur in the following hours. The pair could surpass the 110.40 level. Note, that the nearest resistance level is the weekly R1 at 110.51.