| Positions | Today | Yesterday | % Change | |
| Longs | 45% | 44% | 2.22% | |
| Shorts | 55% | 56% | -1.82% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Neutral | Neutral | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇒ | ⇗ | ⇘ | |
The Greenback continues to move sideways against the Japanese Yen for the fifth consecutive trading session. The pair movement on Monday was guided by bulls which allowed the Buck to move past a resistance cluster formed by the combination of the 55-, 100-, and the 200– hour SMAs and the weekly pivot point at 1.28.
Technical indicators favour bullish momentum for this session, this might indicate that the rate could be heading for a test of the double-header resistance level near the 1.29 area.
In case the aforementioned resistance level is breached, the US Dollar is likely to continue its upward movement until it gets to the upper boundary of an ascending channel.