| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 40% | 42% | -4.5% |
| Shorts | 60% | 58% | 3.0% |
| 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 | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
On Monday, the USD/JPY currency pair traded sideways in the 106.30 area. During today's morning, the pair maintained its consolidation.
Given that the exchange rate is supported by the 55– and 100-hour moving averages near 106.20, it is likely that some upside potential could prevail in the market. A possible upside target is the 106.60 level.
In the meantime, it is unlikely that bears could prevail in the market, and the rate could decline below 106.00 due to the support formed by the weekly and monthly PPs, as well the 200-hour SMA.