Positions | Today | Yesterday | % Change | |
Longs | 74% | 71% | 4.05% | |
Shorts | 26% | 29% | -11.54% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇘ |
The US Dollar has remained steady against the Japanese Yen for the third consecutive session. During this time, the pair failed to surpass the psychological 113.00 mark, while a bearish wave was stopped by the monthly R2 and the 55-hour SMA.
The pair's appreciation last week has sent longer-term technical indicators in or near the overbought territory. This means that the Greenback might actually fail to reach the upper boundary of a five-month channel and its 2018 high circa 114.00 and start edging lower this week.
The nearest support is set by the weekly PP and the 100-hour SMA, while the daily low is unlikely to exceed the monthly R1 at 111.50.