| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 56% | -3.0% |
| Shorts | 45% | 44% | 3.6% |
| 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) | Neutral | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
On Thursday, the USD/JPY dropped to the support provided by the 200-hour moving average near 103.65.
If the predetermined support holds, it is likely that the exchange rate could trade upwards in the short term. A possible upside target is the 104.00/104.20 area.
Meanwhile, note that the currency pair could face the resistance area formed by the 55– and 100-hour moving averages in the 103.85/103.95 area. If the given area holds, the pair could consolidate in the short run.