| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 70% | 71% | -1.6% |
| Shorts | 30% | 29% | 3.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
On Friday, the USD/JPY currency pair breached the long-term descending channel south. During Monday's morning, some downside potential still was prevailing in the market.
Given, that the exchange rate is pressured by the 55– and 100-hour mobbing averages, currently located circa 105.90, it is expected, that bears could prevail in the market in the short term. A possible downside target is the 2018/2019 low at 104.67.
However, note, that the rate has to surpass the support level formed by the weekly S1 at 104.96. If the given level holds, a reversal north could occur. It is unlikely, that the pair could exceed the monthly S3 at 105.87.