| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 43% | 44% | -2.7% |
| Shorts | 57% | 56% | 2.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
Yesterday, the USD/JPY currency pair touched the 107.40 level. During Friday morning, the pair was testing the resistance level formed by the 55– and 100-hour SMAs, as well the weekly PP at 107.70.
It is likely that the exchange rate could gain support from the 200-hour SMA near 107.60 to surpass the given resistance and re-test the lower boundary of the short-term descending channel. If the given channel holds, a reversal south could follow.
However, if the given resistance holds, it is likely that some downside potential could prevail in the market. In this case the currency pair could re-test the 107.40 mark.