| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 41% | 2.4% |
| Shorts | 58% | 59% | -1.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session.
Given that a breakout had occurred, bullish traders could continue to pressure the exchange rate higher during the following trading session. The potential target for buyers would be near the 109.40 area.
However, a resistance line at 109.25 could provide resistance for the USD/JPY currency exchange rate within this session.