| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 69% | 64% | 7.9% |
| Shorts | 31% | 36% | -17.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
On Wednesday, the USD/JPY currency pair reversed south from the resistance level—the weekly R1 at 104.72.
It is likely that the exchange rate could gain support from the 100– and 200-hour SMAs, as well the weekly PP in the 104.25 area. Thus, some upside potential could prevail in the market, and the rate could re-test the given resistance level.
In the meantime, note that the currency pair could be pushed down by the 55-hour moving average near 104.40. In this case the pair could target the psychological level at 103.80.