| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 51% | 16.39% | |
| Shorts | 39% | 49% | -25.64% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
The common European currency has depreciated about 120 base points against the Japanese Yen since Tuesday's trading session.
The bearish sentiment continues during the first part of today's session. Presently, the currency pair is aiming at yesterday 's swing low of 128.20. If the price takes out that low level, the next target for bearish traders could be near September 7 low level at 127.89.
On the other hand, the currency exchange rate might reverse from the current price level and aim at the upper boundary of a falling wedge pattern at the 129.00 mark during the following trading session.