| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 43% | -22.86% | |
| Shorts | 65% | 57% | 12.31% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
The Euro was trading relatively stable against the Japanese Yen, as it remained pressured by the 55-hour SMA until early on Wednesday. Subsequently, upside risks prevailed the market for several hours, and the rate dashed through the 100– and 200-hour SMAs, the weekly PP and the 38.2% Fibonacci retracement.
Thus, the nearest resistance after this move is set by the weekly R1 and the 23.8% Fibo circa 133.20—a level that intersects with the upper boundary of the descending triangle.
In the short term, it is unlikely that the rates pushes up to this area, as the swift surge of the pair has pushed technical oscillators in the overbought region.
The most probable downside target could be the 55– hour SMA. By and large, the rate could move sideways, thus remaining between the 55– and 200-hour SMAs.