| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 27% | 0.5% |
| Shorts | 73% | 73% | -0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Yesterday, the USD/JPY currency pair reached the upper boundary of the long-term descending channel at 109.65. During Friday morning, the pair reversed south.
From a theoretical point of view, it is likely that the US Dollar could continue to depreciate against the Japanese Yen within the following trading session. In this case the pair could drop lower than the 109.35 level.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, as well the weekly PP at 109.45. Thus, if the given support holds, the Greenback could consolidate against the Japanese Yen in the short run.