| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 50% | -4.8% |
| Shorts | 53% | 50% | 4.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
At the end of last week, the USD/JPY currency pair declined to the 108.30 level. During Monday morning, the pair was testing the resistance formed by the 55– and 100-hour SMAs at 108.60.
If the given moving averages hold, it is likely that the exchange rate could go downwards in the nearest future. However, it is unlikely that the rate could drop lower than the 200-hour SMA, currently located at 108.33.
However, note that the currency pair could gain support from the Fibonacci 38.20% retracement at 108.44. In this case, the US Dollar could consolidate against the Japanese Yen in the short term.