| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 49% | -6.52% | |
| Shorts | 54% | 51% | 5.56% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇗ | ⇘ | |
The common European currency has been moving in a junior descending channel against the Japanese Yen since late August. The currency pair made a U-turn south from the upper boundary of a medium-term ascending channel on August 29, and this decline could be considered to be a brief retracement down.
Two scenarios are likely to occur within this session. First, bull's traders could target a resistance cluster formed by the combination of the 50– and 200-hour SMAs and the weekly PP at 129.44.
Second,
if the resistance cluster holds, bear's traders could push the currency exchange rate further south for a potential target at the lower boundary of the junior descending channel during the following trading session.