| Positions | Today | Yesterday | % Change | |
| Longs | 45% | 49% | -8.89% | |
| Shorts | 55% | 51% | 7.27% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
EUR/JPY has been trading in a downward-sloping wedge in force since mid-May. This pattern has had two confirmations on each side, suggesting that it should guide the pair's movement for two consecutive days, at least. The Euro was trading within the bounds of a channel down prior to breaching it to the downside. Currently, the rate is forming a fourth wave of the trend south. It is likewise testing the lower Bollinger boundary at 124.35, suggesting that a reversal to the upside may occur soon, as the price is being oversold. It might be expected that the rate bounces off the Bollinger band and fluctuates slightly around the 50% Fibo and the 20 and 100-hour SMAs. The 200-hour SMA has provided strong resistance previously, thus, the given level could halt the pair from moving higher in this trading session.