| Positions | Today | Yesterday | % Change | |
| Longs | 49% | 49% | 0.00% | |
| Shorts | 51% | 51% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
The EUR/JPY currency pair reversed from the lower boundary of a medium-term ascending channel at 128.45.
Currently, the rate is being supported by the Fibonacci 38.20% retracement. From a theoretical point of view, the Euro should gain momentum and aim for the upper boundary of the ascending channel. However, the pair is pressured by a resistance cluster formed by a combination of the 100– and 200-hour SMAs, the weekly PP and the Fibonacci 23.60% retracement near the 120.50 mark.
It is the unlikely case that some bearish pressure still prevails in the market, the Euro should not exceed the monthly PP at 128.33.