| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 45% | 53% | -17.8% |
| Shorts | 55% | 47% | 14.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
On Wednesday, the USD/JPY currency pair tumbled to the 106.70 level. During today's morning, the pair was testing the resistance formed by the 55– and 100-hour SMAs near 107.10.
If the given resistance holds, it is likely that some downside potential could prevail in the market, and the exchange rate could re-test the 106.70 mark.
Meanwhile, note that the rate could gain support from the Fibo 38.20% at 106.86. Thus, it is likely that the US Dollar could consolidate against the Japanese Yen in the short run.