| Positions | Today | Yesterday | % Change | |
| Longs | 42% | 52% | -23.81% | |
| Shorts | 58% | 48% | 17.24% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
The second half of Tuesday's trading session may be characterised by a consolidation phase, as EUR/JPY fluctuated around the 20-hour SMA and the weekly S1 at 123.39. Following news mid-day that the European Central Bank is to cut its inflation outlook due to weaker energy prices, the Euro experienced a strong momentum downwards that pushed the currency outside the lower Bollinger band. This indicator along with technical oscillators suggest that the pair is oversold and, thus, may be set for a reversal. However, it is yet to be seen if this motion upwards is just a short-term correction or the beginning of an intermediate wave north. The latter scenario would confirm a channel down. Thus, the rate should trade higher in this session; it may, however, be stalled once again by the 20-day SMA.