| 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 remained in between the 55– and 200-hour SMAs on Monday. During the first part of the day, the US Dollar tried to surpass the former and thus re-test a March high at 107.50.
Lacking the necessary upside momentum, bulls gave up their positions and allowed for a fall down to the long-term moving average, the weekly PP and the 23.60% Fibonacci retracement. The pair gained strong upside momentum early this morning, as comments by the Chinese President diminished considerably demand for the Yen as a save-haven currency.
A surge could be a possibility today, especially if the 55– and 100-hour SMAs have been surpassed. The nearest point of resistance is the monthly R1 a 107.50. The weekly R1 is likewise located nearby. Conversely, a decline should not exceed the 106.70 level.