| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 32% | 34% | -6.3% |
| Shorts | 68% | 66% | 2.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
Yesterday, the USD/JPY currency pair tested the upper boundary of the short-term descending channel. During Tuesday morning, the pair continued to test the given channel.
From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could gain support of the monthly S1 and the Fibo 38.20% at 108.44.
It is unlikely that bulls could prevail in the market, as the currency pair is pressured by the 55– and 100-hour moving averages, currently located in the 108.65 area.