| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 51% | -2.0% |
| Shorts | 50% | 49% | 1.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
On Tuesday, the USD/JPY currency pair traded sideways at the weekly R1 at 108.88. During today's morning, the pair was trading at the given level.
Note that the exchange rate is supported by the 100-hour moving average, currently located at 108.78. Thus, it is likely that some upside potential could prevail. A possible upside target is the weekly R2 at 109.09.
It is unlikely that bears could prevail in the market within the following trading session, and the US Dollar could drop lower than the 108.57/108.66 area against the Japanese Yen due to the support provided by the 200-hour SMA, as well the weekly PP.