| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 39% | -2.63% | |
| Shorts | 62% | 61% | 1.61% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇗ | ⇘ | ⇗ | |
During the first half of Friday's trading session the common European currency continued to trade against the Japanese Yen as forecasted by Dukascopy analysts. The rate has reached above the 129.50 mark during the early hours of the day's trading.
In accordance with the technical situation the pair is set to continue to surge until it reaches the upper trend line of the long term descending channel pattern near the 129.60 mark. It is highly possible that it will occur by the end of this weeks trading.
However, an important fundamental event is about to occur. Mario Draghi is set to speak publicly at the Jackson Hole symposium at 19:00 GMT. Although, the ECB President has had a rather bullish effect on the Euro in the recent history.