| 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 been moving in a one-week ascending channel. The pair reversed from its upper boundary early on Wednesday and began depreciating in a gradual manner. This fall was not significant, as the Greenback was hindered near the 55– and 100-hour SMAs.
The former has worked effectively at supporting the pair on previous occasions; thus, it is likely that the pair continues to move higher in this session, as well. The nearest resistance is the weekly R1 and the 2018 high at 113.50; a move above this cluster is unlikely.
In case bears prevail in the market today and thus breach the 55– and 100-hour SMAs, the US Dollar would be pushed down to the monthly R2 at 112.35. This could point to the beginning of a few-day decline.