Positions | Today | Yesterday | % Change | |
Longs | 74% | 71% | 4.05% | |
Shorts | 26% | 29% | -11.54% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇓ | ⇘ |
The US Dollar continued its fourth day of appreciation against the Yen on Friday. Despite showing high volatility, the pair nevertheless closed the session with a slight 32-pip gain.
The Greenback opened considerably higher—at the 107.80 level today, and remained near this mark during the following hours. Thus, the given currency was located near a trend-line this morning.
Technical indicators still remain bullish; however, a convergence between them and the price movement could point to a soon change in sentiment. Thus, even if an up-move occurs today, gains should be capped near the 38.20% Fibonacci retracement and the weekly R2 near 108.10.
Apart from the 55-hour SMA and a channel line near 107.50, a decline might be stopped solely by the 100– and 200-hour SMAs at 107.30.