USD/JPY consolidates for two sessions

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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

The US Dollar has remained steady against the Japanese Yen for the third consecutive session. During this time, the pair failed to surpass the psychological 113.00 mark, while a bearish wave was stopped by the monthly R2 and the 55-hour SMA. 

The pair's appreciation last week has sent longer-term technical indicators in or near the overbought territory. This means that the Greenback might actually fail to reach the upper boundary of a five-month channel and its 2018 high circa 114.00 and start edging lower this week. 

The nearest support is set by the weekly PP and the 100-hour SMA, while the daily low is unlikely to exceed the monthly R1 at 111.50.

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