| Positions | Today | Yesterday | % Change | |
| Longs | 30% | 43% | -43.33% | |
| Shorts | 70% | 57% | 18.57% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇒ | |
The massive fall of the EUR/JPY exchange rate that occurred in the wake of the ECB's revealing its minimum bid rate remained dominant for several hours on Thursday.
As a result, the Euro dashed through the weekly PP, the 23.8% Fibo and the 200-hour SMA and eventually reached the weekly S1 circa 132.55. The rate has subsequently failed to recover some of its losses, even despite technical indicators pointing to appreciation.
It is likely that the rate reverses near this area (including the monthly PP at 132.24) and thus confirms the existence of a four-week ascending channel.
The upside target could be either the weekly PP or the 55– and 100-hour SMAs near 133.20 and 133.66, respectively.
Meanwhile, the southern part is limited only by several Fibo levels and the distant weekly S2 at 130.82.