| Positions | Today | Yesterday | % Change | |
| Longs | 50% | 53% | -6.00% | |
| Shorts | 50% | 47% | 6.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇗ | ⇒ | ⇗ | |
On Tuesday, EUR/JPY was testing the upper boundary of a short-term channel prior to breaching this level later in the evening. As a result, the Euro tested the weekly R1 and subsequently remained near this mark until mid-Wednesday.
During this time, the pair was dashing through various support and resistance levels, the latest of which was a support cluster formed by the 55– and 200-hour SMAs and the 38.2% Fibo at 132.50.
Given the strength of this area, the rate is expected to edge higher, setting the 23.8% Fibo as a possible target. In addition, the retracement from the upper channel boundary that occurred mid-session should be followed by a surge, at least in the short term.