Positions | Today | Yesterday | % Change | |
Longs | 40% | 36% | 10.00% | |
Shorts | 60% | 64% | -6.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
Following the massive plunge mid-Thursday, USD/JPY entered in a minor consolidation phase, thus being stranded between the 55– and 200-hour SMAs at 111.69 and 112.21, respectively. The pair found support at the monthly PP at 111.80 prior to moving north. An immediate resistance is provided by the aforementioned 55-hour SMA, while the next resistance located at the 113.36 mark is a distant target. Technical indicators demonstrate mixed results; thus the possible direction of the US Dollar is unclear. In case bullish sentiment prevails in this session, the rate may approach the 55-hour SMA and may even breach it. Nevertheless, the base scenario favours the rate continuing to move sideways, remaining in the 111.70/112.20 territory.