| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 39% | 11.1% |
| Shorts | 56% | 61% | -8.8% |
| 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) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
On Wednesday, the USD/JPY currency pair breached the short-term descending channel. During today's morning, the pair re-tested the weekly S1 at 108.03.
It is likely that the exchange rate could gain support from the 55– and 100-hour SMAs in the 107.40/107.70 area. Thus, some upside potential could prevail in the market.
However, note that the currency pair would have to surpass the resistance level formed by the Fibo 50.00% and the 200-hour SMA at 108.35. If the given level holds, it is likely that the pair could consolidate in the short run.