| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 47% | -9.30% | |
| Shorts | 57% | 53% | 7.02% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Sell | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
By the middle of the European trading session on Tuesday, the EUR/JPY exchange rate had revealed a new medium-term ascending channel. Though, that does not automatically suggest that the pair should rally within the next 24 hours.
After the currency pair hit the upper boundary of the newly-formed pattern the rate started to decline. However, this decline could encounter a support set by the weekly pivot point at 131.11.
Meanwhile, traders should look for opportunities to trade which might occur if the aforementioned support holds. In addition, technical indicators signal the rate is located in the overbought zone.