| Positions | Today | Yesterday | % Change | |
| Longs | 49% | 46% | 6.12% | |
| Shorts | 51% | 54% | -5.88% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇗ | ⇘ | |
Bullish momentum pushed the Euro towards the 55-hour SMA at 129.10 against the Japanese Yen yesterday. However, the exchange rate could not surpass this resistance.
Currently, the rate is being supported by the lower boundary of a medium-term ascending channel and the Fibonacci 38.20% retracement. Given that technical indicators still remain bullish in the short term, it is likely that the European common currency should gain momentum and aim for the Fibonacci 23.60% retracement at 129.67.
On the other hand, the 100–, 200-hour SMAs and the weekly PP at 129.47 can push the rate downwards, which may lead to a breakout.