| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 48% | 4.5% |
| Shorts | 49% | 52% | -4.6% |
| 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) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
On Monday, the USD/JPY currency pair tried to exceed the Fibo 38.20% at 108.44. During today's morning, the pair was trading in the 108.00 area.
Given that the exchange rate is pressured by the 55-hour SMA near 108.10. Thus, some downside potential could prevail in the market. In this case the rate could gain support of the Fibo 23.60% at 107.02.
However, if the currency pair fails to surpass the 107.50 level, it is likely that the US Dollar could trade sideways against the Japanese Yen in the short term. Also, it is unlikely that bulls could prevail, and the pair could exceed the weekly PP at 109.09.