| Positions | Today | Yesterday | % Change | |
| Longs | 51% | 51% | 0.00% | |
| Shorts | 49% | 49% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
The EUR/JPY currency pair has been trading in a medium-scale triangle pattern since the beginning of August. The pair bounced off its bottom border on August 6 and reached upper boundary yesterday.
A strong resistance cluster set by the combination of the 55-, 100– hour SMAs and the monthly pivot point near the 128.85 was providing a resistance for the exchange rate.
Given that the currency exchange rate has moved closer to the lower border of the medium-scale triangle pattern, a breakout is likely to occur during the following trading session.