| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 36% | 0.0% |
| Shorts | 64% | 64% | 0.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
On Tuesday, the US Dollar declined by 41 pips or 0.37% against the Japanese Yen. The currency pair tested the lower boundary of a descending channel pattern during yesterday's trading session.
As for the near future, the exchange rate could continue to edge lower. A breakout through the lower boundary of the descending channel is likely to occur within this session.
However, if the channel pattern holds, a surge towards the 100– hour simple moving average at 109.47 could be expected during the following trading session.