| Positions | Today | Yesterday | % Change | |
| Longs | 34% | 34% | 0.00% | |
| Shorts | 66% | 66% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇓ | ⇓ | ⇑ | |
After being squeezed between the 55– and 200-hour SMAs during the first part of Tuesday, bulls gained strength and thus sent EUR/JPY for a fall down to the weekly S1 at 131.58—a level that likewise intersects with the lower boundary of a two-week channel.
The pair's subsequent movement was guided along the channel line towards the 132.10 area which is limited by the 55– and 100-hour SMAs.
From theoretical point of view, the aforementioned channel should be respected that allowing the pair to appreciate during the following trading sessions.
However, the massive surge at 1300GMT could pressure the rate back down to the combined support of the 55– and 100-hour SMAs. After that, the rate is likely to approach the monthly PP or even go beyond this level.