| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 48% | -10.1% |
| Shorts | 56% | 52% | 7.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
On Friday, the USD/JPY currency pair traded downwards. During today's morning, the pair was testing the weekly PP at 106.47.
If the given support level holds, it is likely that a reversal north could occur in the nearest future. In this case the exchange rate would have to surpass the resistance range formed by the 55– and 100-hour SMAs, as well the Fibo 38.20% in the 106.65/106.86 area.
Otherwise, it is likely that some downside potential could prevail in the market. Note that the currency pair could gain support from the 200-hour SMA and the monthly PP circa 106.10.