| Positions | Today | Yesterday | % Change | |
| Longs | 52% | 52% | 0.00% | |
| Shorts | 48% | 48% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Sell | Neutral | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇗ | |
Downside risks prevailed in the market on Wednesday, thus allowing the single European currency to declined by 0.75% against the Japanese Yen.
Today's trading session begins with a bullish momentum and by the middle of the day, the currency pair has tested a resistance cluster formed by the 50-and 100-hour SMAs at 129.70.
If this resistance level holds, the EUR/JPY currency exchange rate could aim for a support cluster formed by the weekly and the monthly pivot points at 128.84 during the following trading session.
Although, if the price passes the resistance line as mentioned earlier, the price will continue its upside sentiment today.