| Positions | Today | Yesterday | % Change | |
| Longs | 37% | 35% | 5.41% | |
| Shorts | 63% | 65% | -3.17% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Neutral | Buy | Neutral | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
The previously described scenario on Tuesday regarding the common European currency actually came to reality. After the exchange rate reached the weekly support level at 129.40 it made the corrective move north.
By the middle of Wednesday's trading session, the EUR/JPY pair has breached the 55– hour simple moving average and the monthly pivot point at 130.10. However, the 100– hour SMA has restricted the rate from making further gains at the time of this analysis.
Due to this reason, the currency exchange rate is likely to decline during the following hours for a probably re-test of the bottom boundary of the descending channel.