| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 31% | 29% | 5.0% |
| Shorts | 69% | 71% | -2.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
Yesterday, the USD/JPY currency pair tumbled to the 108.50 level. During Thursday morning, the pair reversed north to the 108.70 mark.
Note that the exchange rate is supported by the 55– and 100-hour moving averages, currently located circa 108.60. Thus, is it likely that some upside potential could prevail in the market. In this case the rate has to surpass the 200-hour SMA at 108.77.
If the given resistance holds, it is likely that a reversal south could follow, and the US Dollar could continue to depreciate against the Japanese Yen within the following session. It is unlikely, that the pair could drop lower than the Fibo 38.20% at 108.44.