| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 40% | -14.29% | |
| Shorts | 65% | 60% | 7.69% | |
| 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) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇘ | |
As expected, the Eurozone single currency continues to decline substantially against the Japanese Yen. This bearish movement could continue until the end of this week as the exchange rate revealed a kings crown pattern.
The EUR/JPY pair could make a corrective move north toward a resistance cluster formed by the weekly and the monthly pivot points located near the 127.89 mark within this session.
Given that the currency exchange rate has revealed the head shoulder pattern, traders should look for opportunities to trade the pair if the aforementioned scenario occurs.