| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 36% | 5.26% | |
| Shorts | 62% | 64% | -3.23% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
The Eurozone single currency depreciated about 70 base points against the Japanese Yen on Wednesday. The decline was temporary stopped by a support cluster formed by the weekly and the monthly PPs at 131.05.
Everything being equal, the currency pair is likely to move north towards the upper boundary of a descending channel at 131.76 within this session.
However, a resistance level formed by the 50-hour simple moving average at 131.39 might restrict the EUR/JPY currency exchange rate from reaching its target today.
If this resistance level holds, the price will change its direction and most likely aim for a re-test of the support cluster as mentioned above.