| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 48% | 5.1% |
| Shorts | 49% | 52% | -5.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
On Wednesday, the USD/JPY currency pair broke the lower boundary of the falling wedge pattern. During today's morning, the pair resumed to trade within the given pattern.
From a theoretical perspective, it is likely that the exchange rate could reach the upper pattern boundary near 106.80 and then a reversal south could follow.
However, note that the pair is pressured by the 100– and 200-hour SMAs in the 106.50/106.75 area, as well supported by the weekly S1 and the 55-hour SMA near 106.35. Thus, it is likely that the pair could consolidate in the short run.