| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 61% | 4.7% |
| Shorts | 36% | 39% | -8.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Since Friday, the USD/JPY currency pair has been trading sideways in the 103.80 area.
Given that the exchange rate is pressured by the 55– and 100-hour moving averages near 103.90, it is likely that some downside potential could prevail. In this case the rate could gain support from the weekly S1 at 103.32.
In the meantime, it is unlikely that bulls could prevail in the market, and the currency pair could exceed the resistance area formed by the weekly PP and the 200-hour SMA in the 104.23/104.44 range.