| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 50% | -4.17% | |
| Shorts | 52% | 50% | 3.85% | |
| 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 | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇘ | |
The Single European currency has been gradually appreciating against the Japanese Yen for last one week. This movement has been directed by the 55– hour simple moving average.
The bullish momentum was strengthened mid-session on Tuesday as the currency pair moved closer to the upper boundary of a junior channel. However, a strong resistance set by the weekly R1 at 131.99 forced the rate to temporary retrace south.
Technical indicators demonstrate that the currency exchange rate is likely to continue it neat movement to the upside until it finds a resistance cluster set by the combination of the monthly R1 and the weekly R2 near the 132.67 area.