| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 45% | -7.7% |
| Shorts | 58% | 55% | 5.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
On Monday, the USD/JPY currency pair reversed north from the lower boundary of the short-term ascending channel at 109.00. During today's morning, the pair was trading at the 109.20 mark.
Note that the exchange rate is supported by the 55– and 100-hour moving averages, currently located circa 109.10. Thus, it is likely that bulls could prevail in the market. In this case the rate would have to surpass the monthly R1 at 109.39.
On the other hand, the US Dollar could trade sideways against the Japanese Yen within the following trading session. Also, it is unlikely that some downside potential could prevail, and the rate could drop lower than the weekly PP at 108.97.