| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 28% | 1.2% |
| Shorts | 72% | 72% | -0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Yesterday, the USD/JPY currency pair tested the upper boundary of the long-term descending channel at 109.70. During Thursday morning, the pair continued to test the given channel.
From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could target the support level formed by the weekly PP and the 200-hour SMA at 109.17.
However, note that the currency pair is supported by the 55– and 100-hour SMAs. Thus, if the given channel does not hold, some upside potential could prevail in the market, and the pair could target the weekly R1 at 109.91.