Positions | Today | Yesterday | Change |
Longs | 44% | 46% | -4.5% |
Shorts | 56% | 54% | 3.6% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Sell |
Alligator(13;8;5) | Neutral | Buy | Sell |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇗ | ⇓ |
During the previous trading session, the USD/JPY passed through the support level of the weekly R1 at 110.51. On Friday morning, the 200-hour simple moving average supported the rate to push it to trade at the 110.38 mark.
In regards to the near-term future, it is expected that the currency exchange rate will trade sideways to stay at the 110.20 level during the day.
However, the 200-hour simple moving average could give additional support to the rate to break the resistance of the weekly R1 to trade at the 110.60 level.