| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 49% | -4.8% |
| Shorts | 53% | 51% | 4.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
Yesterday, the USD/JPY currency pair re-tested the upper line of the rising wedge pattern at 108.00. During Wednesday morning, the pair reversed south.
From a theoretical point of view, it is likely that the exchange rate could re-test the lower pattern line in the 107.45 area in the nearest future. If the given pattern holds, a reversal north could follow.
Meanwhile, note that the currency pair could face the support from the monthly PP at 107.64. Thus, a reversal north could occur sooner, and the pair could continue to trade upwards within the given pattern in the short run.