| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 42% | 2.33% | |
| Shorts | 57% | 58% | -1.75% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇗ | ⇘ | ⇘ | |
The common European currency reached the upper boundary of an ascending pattern against the Japanese Yen on Friday.
As shown on the chart, the currency pair was trading with high volatility on Friday as bulls gained 172 base points or 1.35%. Also, a support cluster formed by the 55– and 200-hour SMAs and the weekly S1 at 127.84 help the EUR/JPY exchange rate to push higher.
As for near future, traders should look for opportunities to trade the pair if a support set by the weekly and the monthly PPs near the 128.79 mark holds. In the meantime, technical indicators flash a strong buy signal on the 4H time-frame.