| Positions | Today | Yesterday | % Change | |
| Longs | 42% | 48% | -14.29% | |
| Shorts | 58% | 52% | 10.34% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇗ | ⇘ | |
The narrow descending channel of the EUR/JPY currency pair, which was plotted on Monday, has held its ground, as the decline of the exchange rate has extended into Wednesday session. The common European currency is expected to continue its decline in the short term as it faced no significant support until 129.64 which is the weekly pivot point. Furthermore, the 55-hour simple moving average has guided the pair lower for the third consecutive trading session. By and large, it is likely that the currency exchange rate continues its journey in the descending channel during the following trading session.