| Positions | Today | Yesterday | % Change | |
| Longs | 40% | 35% | 12.50% | |
| Shorts | 60% | 65% | -8.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇑ | |
EUR/JPY was trading sideways just below the 134.00 mark during the first half of Monday. Bears took the upper hand later in the evening and edged lower. The rate, however, remained between the weekly PP and the 55-hour SMA.
As apparent on the chart, the 133.23 area has already provided both support and resistance. This line together with the current short-term down-trend has confined the rate in a descending channel.
From theoretical point of view, this pattern should be breached to the upside. However, it is yet unclear if the rate could so in this session or it still manages to reach the lower boundary of a three-week ascending channel circa 133.20.
Technical indicators are in favour of the bullish scenario. Apart from the 55-hour SMA, no other resistance is located nearby.