| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 54% | 10.1% |
| Shorts | 40% | 46% | -15.4% |
| 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 | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
During last week, the USD/JPY currency pair revealed a short-term ascending channel. During Monday morning, the pair tested the upper channel line circa 107.50.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs in the 107.20 area. Thus, a reversal north could occur, and the rate could re-test the upper channel line.
Meanwhile, it is unlikely that a breakout north could as the currency pair could face the resistance level formed by the weekly R1 at 107.43. Thus, it is likely that the pair could consolidate.