Positions | Today | Yesterday | % Change | |
Longs | 52% | 50% | 3.85% | |
Shorts | 48% | 50% | -4.17% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇒ |
Despite being pressured to the downside early Thursday, USD/JPY made a U-turn and moved closer the upper channel boundary. The given level, however, was not reached, allowing some room for further appreciation up to 111.42. Yesterday's trading session resulted in a death cross of the 55– and 100-hour SMAs, thus flashing bearish signals. Other technical indicators likewise support a possible fall down to the 111.05/10 territory. As no significant fundamental events are scheduled for today, the pair may continue its movement sideways, setting the aforementioned 111.42 and 111.05 as a possible trading range. In case of strong upward risks, the US Dollar should cap at the 111.80 mark where the monthly PP is located.