| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 31% | 11.43% | |
| Shorts | 65% | 69% | -6.15% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Neutral | Neutral | Neutral | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇗ | |
The Single European currency continues to appreciate against the Japanese Yen for the past few days. However, the rally has been stopped temporarily by the weekly R1 at 131.35.
At the time of this analysis, the currency pair was supported by a support cluster formed by the combination of the 55-, 100-, 200– hour SMAs near the 130.71 regions.
Technical indicators demonstrate that there is a strong downside potential, especially if the aforementioned weekly resistance is able to hold. A possible downside target for the currency exchange rate could be the monthly pivot point at 130.10.