| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 31% | 11.43% | |
| Shorts | 65% | 69% | -6.15% | |
| 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 | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
The EUR/JPY currency pair finally stopped its descending movement. By the end of Wednesday's session, bulls managed to take control of the market. Although the pair rally yesterday, the dominant descending pattern are still holding strong.
A new short-term narrow ascending channel has been drawn to trail the market movement for a potential resistance level.
Technical indicators suggest that the currency exchange rate could continue falling during the following trading hours. Nevertheless, the pair hold moves upward for a test of the 200– hour simple moving average before the aforementioned scenario occurs.