| Positions | Today | Yesterday | % Change | |
| Longs | 34% | 34% | 0.00% | |
| Shorts | 66% | 66% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
In second half of the previous trading session the currency exchange rate made an unexpected turn around near the 130.05 mark and started to fall. The reason behind pair's inability to reach the weekly R1 at 130.64 might be related to existence of a larger descending channel with two reaction highs and two reaction lows.
If this pattern is actually in force, then the Euro has to continue to lose value against the Yen until the rate will reaches its southern boundary for the third time. But, in order to do that, the pair has to bypass once again the March 2016 high at 128.18. Most likely the new attempt is going to fail as well.
On the other hand, the pair has a chance to succeed if some fundamental event will accelerate the fall.