| Positions | Today | Yesterday | % Change | |
| Longs | 32% | 31% | 3.13% | |
| Shorts | 68% | 69% | -1.47% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇘ | |
The previously described scenario on Monday regarding the common European currency against the Japanese Yen has occurred. The currency reversed north by the end of trading session.
Given that the exchange rate retreated after testing the weekly pivot point at 130.27, a breakout is likely to occur during the following trading session. Also, the 55– and 100– hour SMAs might push the rate higher.
Technical indicators are in favour of bullish pressure which has dominated the EUR/JPY currency exchange rate since Monday to continue within the next trading hours. Traders should look for opportunities to trade if the aforementioned breakout occurs.