| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 43% | 43% | 0.4% |
| Shorts | 57% | 57% | -0.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
Yesterday, the USD/JPY currency pair declined to the 108.50 level. During Tuesday morning, the pair reversed north.
It is unlikely that some upside potential could prevail in the market, as the exchange rate is pressured by the 200-hour SMA, as well the upper boundary of the medium-term descending channel, located circa 109.00.
From a theoretical point of view, it is likely that some downside potential could prevail in the market. A possible downside target is the Fibo 38.20% at 108.44.
However, note that the rate is supported by the 55– and 100-hour SMAs at 108.70. If the given support holds, it is likely that the US Dollar could consolidate against the Japanese Yen in the short run.