| Positions | Today | Yesterday | % Change | |
| Longs | 41% | 60% | -46.34% | |
| Shorts | 59% | 40% | 32.20% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇑ | ⇑ | |
The common European currency strengthened substantially against the Yen on Tuesday, thus resulting in a 121-pip increase in price. As a result, the pair shot up to the 133.90 mark late in the evening and has remained between the weekly R2 and R1 in the 134.10/133.34 area.
This strong momentum north indicates that the Euro might still push up to the long-term resistance at 134.50. A reversal from this point (which is the likely option given the strength of the Euro) would confirm the existence of a triple top. It is a strongly bearish pattern that should sent the pair past the 131.50 mark within a couple of trading sessions.
By and large, the aforementioned 131.40 area is unlikely to surrender today, even if bulls manage to push the rate even higher afterwards. A fall could result in a test of the monthly PP at 132.80.