Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 30% | 27% | 9.7% |
Shorts | 70% | 73% | -4.1% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇗ |
Yesterday, the USD/JPY currency pair consolidated in the 109.80 area. During Tuesday morning, the pair raised to the 109.95 level.
Note that the exchange rate is supported by the 55– and 100-hour SMAs in the 109.80 area. Thus, some upside potential could prevail in the market, and the rate could target the 110.20 level.
However, if the given support does not hold, it is likely that some downside potential could prevail in the market. In this case it is unlikely that the pair could decline below the Fibo 50.00% at 109.58.