| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 46% | 0.00% | |
| Shorts | 54% | 54% | 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 price movement of the single European currency versus the Japanese Yen was guided by a junior descending channel pattern on Tuesday. The exchange rate bounced off its lower boundary at 127.72 during yesterday's session.
The currency pair breached the 50-hour simple moving average at 128.01 during the first part of Wednesday's trading session.
Given that the EUR/JPY currency exchange rate has breached the 50-hour SMA, the next target for bullish traders will be near a resistance cluster formed by the combination of the 100– and 200-hour SMAs and the weekly pivot point at the 128.49 region.