| Positions | Today | Yesterday | % Change | |
| Longs | 44% | 30% | 31.82% | |
| Shorts | 56% | 70% | -25.00% | |
| 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 | ⇘ | ⇒ | ⇗ | |
EUR/JPY has gained strong upside momentum, forming a full wave up in a channel down pattern. The pair penetrated the 55-, 100– and 200-hour SMAs without any hindrance, as well as the weekly and monthly PPs at 123.63 and 123.90, respectively. Its momentum, however, allayed, demonstrating a lack of volatility near a resistance cluster formed by the upper channel boundary and the weekly R1 at 124.62. This was likewise confirmed by technical oscillators that showed the Euro being overbought. It is expected that the currency may sustain its current movement downwards until the 20-hour SMA and the monthly PP. Nevertheless, technical indicators remain bullish, suggesting that the recent reversal may be short term and the pair, therefore, may eventually break the upper channel line.