| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 29% | 17.3% |
| Shorts | 65% | 71% | -9.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
On Friday, the USD/JPY currency pair broke the lower boundary of the rising wedge pattern. During today's morning, the pair was testing the resistance formed by the weekly PP at 108.65.
[/ANNOUNCE]It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by the 55-hour SMA, currently located at 108.76.
However, note that the rate could gain support of the Fibo 38.20% at 108.44. If the given level holds, it is likely that the Greenback could consolidate against the Japanese Yen in the short run.