| Positions | Today | Yesterday | % Change | |
| Longs | 69% | 33% | 52.17% | |
| Shorts | 31% | 67% | -116.13% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Neutral | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
The single European currency continues to trade in a two-week junior descending channel against the Japanese Yen.
Apparently, on the chart, the exchange rate has moved closer to the lower boundary of the junior pattern and could be set for a breakout. Moreover, the 55– hour simple moving average has been leading the rate lower.
Meanwhile, the EUR/JPY currency pair has been trading sideways for the last couple of hours. This could indicate bears might surrender its dominance over the exchange rate during the following session. However, technical indicators suggest otherwise.