| Positions | Today | Yesterday | % Change | |
| Longs | 0% | 38% | #DIV/0! | |
| Shorts | 100% | 62% | 38.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
The common European currency has been moving in a narrow channel against the Japanese Yen since April 1. The EUR/JPY pair movement was supported by the combination of the weekly and the monthly pivot points near 130.80.
Given that the Euro has moved past a resistance cluster set by the aforementioned PPs with the combination of the 55-, 100-, and the 200– hour SMAs, it is likely the pair could edge higher during the following trading session.
Meanwhile, the currency exchange rate has moved closer to the upper border of the narrow channel and could be set for a breakout. In addition, technical indicators favour bulls to grow stronger within this session.