| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 51% | -45.71% | |
| Shorts | 65% | 49% | 24.62% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇗ | |
EUR/JPY was driven by strong upside momentum on Tuesday, even despite technical indicators pointing to a possible correction south. As a result, the upper boundary of the channel was breached and the rate surged up to the 132.00 mark (2017 high).
The current positioning of indicators still suggest that bears should prevail in the upcoming hours. Thus, the base scenario favours the Euro depreciating against the Yen in the short term. It is yet unclear whether it will be a minor correction south or the beginning of a new down-trend.
Nevertheless, no barriers are limiting the pair until the 55-hour SMA circa 131.20, demonstrating that the rate could fall down to this level with no hindrance and remain in the 131.00/20 territory by mid-Thursday.