| 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 has managed to maintain its sideways movement for the fourth session in a row.
Despite being restricted by the 55– and 100-hour SMAs, the US Dollar breached this support and edged slightly higher on Tuesday. However, a surge did not follow, as the pair had already been pushed back to the 107.00 mark by Wednesday morning.
The rate is moving closer to the bottom boundary of a three-week channel up. Given its inability to reach the upper line of this pattern last week, it is likely that a bearish breakout occurs soon and thus sends the pair towards 106.00 during the following days.
However, technical indicators are still bullish for this session, demonstrating that a test of the weekly R1 or the 38.20% Fibo circa 107.80 and 108.00 is the most likely scenario.