| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 48% | 3.7% |
| Shorts | 50% | 52% | -3.6% |
| 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 | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
On Tuesday, the USD/JPY currency pair raised to the 106.60 level. During today's morning, the pair reversed south.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly and monthly PPs in the 105.89/106.14 area. Thus, the rate could go upwards and reach the Fibo 38.20% at 106.86.
Meanwhile, note that the currency pair could face the resistance level—the weekly R1 at 106.65. Thus, it is likely that the pair could trade sideways within the following trading session.