| Positions | Today | Yesterday | % Change | |
| Longs | 44% | 46% | -4.55% | |
| Shorts | 56% | 54% | 3.57% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The 55-, 100-, and 200-days simple moving averages have been guiding the common European currency down against the Japanese Yen since August 2. A crossover signal occurred during the previous trading session. This could indicate a further decline for the exchange rate.
Technical indicators both on the smaller and the larger time frame demonstrate the EUR/JPY currency pair is likely to continue its decline in a newly drawn narrow channel today.
The nearest support that could stop the downward momentum for this currency exchange rate is located near the 127.88 mark which is the weekly S1.