| Positions | Today | Yesterday | % Change | |
| Longs | 44% | 44% | 0.00% | |
| Shorts | 56% | 56% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The EUR/JPY currency pair has been fully reviewed by the Dukascopy research term on Tuesday. The analyst took a look at the larger time-frame chart to describe the present situation of the pair.
The exchange rate has been trading in two opposite positions on the 4H chart. The most important of which is the descending channel pattern which was formed on February 8 and has been guiding the price lower.
As for the short-term future, the currency exchange rate is likely to target a resistance level set by the weekly pivot point and the 100-hour simple moving average near 129.38 during the following trading session.