| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 48% | 10.3% |
| Shorts | 47% | 52% | -11.7% |
| 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 consolidated near 107.30. During today's morning, the pair dropped to 107.00.
It is likely that the exchange rate could gain support from the Fibo 38.20% at 106.86 and reverse north in the short term.
Meanwhile, note that the rate would have to surpass the resistance range formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 107.12/107.30 area.
If the given support does not hold, it is likely that the currency pair could target the psychological level at 106.60.