| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 43% | -2.9% |
| Shorts | 58% | 57% | 2.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
Yesterday, the USD/JPY currency pair tried to surpass the support level formed by the Fibo 38.20% at 108.44. During Wednesday morning, the pair continued to test the given support.
Note that the exchange rate is pressured by the 55– and 100-hour moving averages, currently located at 108.64. Thus, it is likely that some downside potential could prevail in the market, and the rate could target the weekly S1 at 108.28.
However, if the given support level holds, it is likely that the US Dollar could consolidate against the Japanese Yen in the short term. Also, it is unlikely that bulls could prevail, and the pair could exceed the weekly PP at 108.79.