| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 34% | 33% | 2.9% |
| Shorts | 66% | 67% | -1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
At the previous trading session, the USD/JPY currency pair tried to surpass the 108.60 level. During Monday morning, the pair was testing the support level formed by the Fibo 38.20% and the monthly S1 at 108.44.
If the given support holds, a reversal north could occur in the nearest future. In this case the exchange rate would have to surpass the 55– and 100-hour SMAs at 108.70.
However, if the given support holds, it is likely that the US Dollar could depreciate against the Japanese Yen in the short term. A possible downside target is the weekly S1 at 108.13.