| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 40% | 42% | -4.8% |
| Shorts | 60% | 58% | 3.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/JPY currency pair has revealed a short-term ascending channel. During Monday morning, the pair was trading near the lower channel line at 107.60.
From a theoretical perspective, it is likely that some upside potential could prevail in the market. However, note that the exchange rate would have to surpass the 200-hour SMA near 108.00.
If the given resistance holds, it is likely that the currency pair could consolidate, supported by the 100-hour SMA bear 107.60. Otherwise, the pair could raise to the resistance formed by the Fibo 50.00% and the weekly R1 in the 108.40 area.