| 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 | ⇘ | ⇓ | ⇘ | |
Following a test of the weekly R1 and the monthly R1 at 110.75 mid-Wednesday, the USD/JPY began a new wave down. This bearish momentum has sent the pair as low as the 100– and 200-hour SMAs this morning.
It is likely that the pair still edges lower during the following hours prior to reversing somewhere near the 109.70 area. The 200– and 100-period (4H) SMAs and a channel line are also located nearby. It seems that yesterday's fall was only a slight correction against the general up-trend.
Thus, it is expected that the prevailing three-week ascending channel continues to be respected. The daily high today should be the aforementioned 110,75 territory, while a decline should not exceed the monthly PP at 109.45.