Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 36% | 40% | -10.7% |
Shorts | 64% | 60% | 6.0% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Sell | Neutral |
Alligator(13;8;5) | Buy | Buy | Sell |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇗ | ⇘ |
Yesterday, the USD/JPY currency pair failed to surpass the 111.50 level. During Wednesday morning, the pair was testing the given level.
From a theoretical perspective, it is likely that the exchange rate could trade upwards along the lower boundary of the medium-term ascending channel. In this case the rate could exceed the 112.00 level.
However, if the currency pair fails to surpass the 111.50 level, it is likely that a breakout south from the given channel could occur. In this case the pair could gain support from the Fibo 61.80% at 110.72.