| Positions | Today | Yesterday | % Change | |
| Longs | 31% | 27% | 12.90% | |
| Shorts | 69% | 73% | -5.80% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇓ | ⇗ | ⇒ | |
EUR/JPY continued to edge lower on Tuesday until the weekly S2 was reached mid-session. This stopping point provided the second bottom confirmation of a newly-drawn descending channel. Following a reversal, the rate reached the 132.60 area slightly below the monthly R1 and entered a slight consolidation period near the 55-hour SMA.
It is likely that this movement sideways prevails during the remaining trading session. The Euro could still push up to the weekly S1 at 133.03 prior to remaining somewhere near this level. A possible trading range could be set between the weekly S1 and the 55-hour SMA until the upper channel boundary is reached.
Meanwhile, the BOJ Governor Kuroda is set to speak at 0635GMT early on Thursday, thus possibly introducing some changes to the pair's current position.