| 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 | ⇘ | ⇓ | ⇘ | |
Downside risks dominated USD/JPY on Thursday, as the pair closed the session with a 100-pip fall. Along the way, some significant support levels, such as the 55-, 100– and 200-hour SMAs, the monthly S1 and the weekly PP, were breached.
By Friday morning, the rate had returned near the 107.15 mark to re-test the longer-term moving averages. However, technical indicators flash strong sell signals, especially given the strength of the nearest resistance. Thus, traders might fail to see a test of the senior channel circa 107.50 today.
If looking at the nearest support, no southern barriers are restricting the pair until the 105.65 mark where the lowest point since November 2016 is located. In case bears prevail, the Greenback is unlikely to move below this level.