| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 38% | -8.57% | |
| Shorts | 65% | 62% | 4.62% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Neutral | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
Downside risks dominated the single European currency on Monday, as the currency pair ended the day with a 63 base point lose. Along the rate breakout from the monthly pivot point at 130.10.
During the European trading session on Tuesday, the EUR/JPY exchange rate has reached a seven weeks low level at 129.40. Technical indicators suggest that the overall market direction during the following trading session should remain bearish.
Furthermore, the pair is trading in a falling wedge pattern.
However, given that technical sentiment demonstrate that the currency exchange rate is located in the oversold zone, a short corrective move north could be expected.