| Positions | Today | Yesterday | % Change | |
| Longs | 74% | 71% | 4.05% | |
| Shorts | 26% | 29% | -11.54% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇓ | ⇘ | |
USD/JPY managed to regain some of the lost positions on Tuesday following the strong two-day plunge from 133.00.
As apparent on the chart, the US Dollar was trading along the upper boundary of a short-term channel for several hours prior to breaching this pattern to the upside. This allowed the pair to approach the monthly R1 and the 55-hour SMA near 111.55.
It is expected that today's trading range could be in between the 100– and 200-period (4H) SMAs in the 110.85/111.55 range. The latter coincides with the senior channel. Thus, the 55-hour moving average should guide the pair lower until this area is reached.
On the other hand, an upside breakout of 111.55 is likely to be followed by a test of the 200-hour SMA and the monthly R2 at 112.35.