| 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 | ⇒ | ⇘ | ⇒ | |
A one-week ascending channel has guided the movement of the common European currency against the Japanese Yen. The currency pair reversed from the lower boundary of a dominant descending channel on October 26 and followed by an upside wave.
By the middle of Wednesday's trading session, the exchange rate has dashed through the lower boundary of the one week ascending channel at 128.41.
Given that a breakout had occurred, the next target for the currency exchange rate will be near a support level formed by the 100-hour simple moving average at 127.89.