| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 35% | 2.9% |
| Shorts | 64% | 65% | -1.6% |
| 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) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
Yesterday, the USD/JPY currency pair tried to surpass the weekly PP at 108.66. During Tuesday morning, the pair skyrocketed to the resistance level formed by the 200-hour SMA and the weekly R1 at 109.01.
If the given resistance holds, it is likely that a reversal south could occur. In this case it is unlikely that the exchange rate could decline below 108.66/108.81 range due to support cluster formed by the 55– and 100-hour SMAs, as well the weekly and the monthly PPs.
Otherwise, it is likely that the US Dollar could continue to appreciate against the Japanese Yen in the short term, and the currency pair could exceed the 109.20 level.