| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 41% | 7.4% |
| Shorts | 56% | 60% | -5.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
On Tuesday, the USD/JPY currency pair revealed a short-term descending channel. During today's morning, the pair was trading near the upper channel line at 107.70.
From a theoretical perspective, it is likely that some downside potential could prevail in the market, and the exchange rate could re-test the lower channel line near 107.25.
If the given channel holds, it is likely that a reversal north could follow. Otherwise, it is likely that the currency pair could target the psychological level at 107.00.