| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 45% | 4.8% |
| Shorts | 53% | 55% | -4.3% |
| 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 | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
Yesterday, the USD/JPY currency pair tumbled to the monthly S2 at 107.65. During Wednesday morning, the pair reversed north.
[/ANNOUNCE]Note that the exchange rate faced the resistance level formed by the Fibo 38.20% and the weekly PP at 108.50. If the given resistance holds, it is likely that a reversal south could occur in the nearest future, and the rate could go downwards.
On the other hand, the currency pair could gain support of the 55– and 100-hour SMAs at 108.31 and extend gains in the short run. Note that the pair would have to surpass the 200-hour SMA and the monthly PP, located at 108.74 and 108.95 respectively.