| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 38% | 0.00% | |
| Shorts | 62% | 62% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇓ | ⇘ | ⇑ | |
The strong downside momentum continued to prevail during Wednesday's trading session. The Yen managed to erase almost all gains reached during the US trading session on Tuesday.
Given that the pair has not yet been able to breach the upper boundary of the dominant channel, it is likely that the currency exchange rate is heading for further decline.
Technical indicators all favour the dominance of bears over the currency pair. Traders should look for opportunities to trade the reverse movement.