| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 62% | 0.00% | |
| Shorts | 38% | 38% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The common European currency appreciated about 98 base points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100-hour SMAs at 127.86 during the end of yesterday's session.
The exchange rate has revealed a new narrow ascending channel during Tuesday's trading session. Currently, the pair is trading near a resistance level formed by the 200-hour simple moving average at 128.50.
Given that the market sentiment is becoming more bullish, it is likely that the currency exchange rate passes that resistance level and aim at the upper boundary of a medium-term descending channel at the 129.00 mark during the following trading session.