| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 32% | -8.1% |
| Shorts | 71% | 68% | 3.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Yesterday, the USD/JPY currency pair raised to the 108.80 level. During Wednesday morning, the pair was testing the support provided by the 55– and 100-hour SMAs circa 108.67.
If the given moving averages hold, it is likely that some upside potential could prevail in the market. In this case the exchange rate could face resistance of the 200-hour SMA, as well the weekly PP at 108.93.
If the given resistance holds, it is likely that the Greenback could trade sideways against the Japanese Yen in the short term. Also, it is unlikely that bears could prevail, and the pair could drop lower than the Fibo 38.20% at 108.44.