| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 43% | 6.52% | |
| Shorts | 54% | 57% | -5.56% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇗ | ⇘ | |
Strong bullish momentum guided the common European currency versus the Japanese Yen on Monday. The Euro breached the weekly resistance level at 130.72 by the end of yesterday session.
Today's session opens above the resistance level as mentioned earlier. This might indicate that the upside risk could continue within this session.
Given that the 50-, 100-, and 200-hour SMAs are below the price action, the EUR/JPY currency exchange rate is likely to remain in the junior ascending channel during the following trading sessions. The pair should aim for the upper boundary of the channel pattern today.