| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 45% | -17.2% |
| Shorts | 61% | 55% | 10.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The USD/JPY currency pair bounced off the lower line of a descending channel pattern at 109.18 on Tuesday. As a result, the US Dollar surged by 50 pips or 0.46% against the Japanese Yen during yesterday's trading session.
The exchange rate could continue to edge higher during the following trading session. The possible target for bullish traders will be near a resistance cluster at 110.05.
However, the 100– hour simple moving average at 109.80 could provide resistance for the currency exchange rate in this session.