| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 43% | 21.82% | |
| Shorts | 45% | 57% | -26.67% | |
| 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 | Buy | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The common European currency depreciated more than 90 pips against the Japanese Yen on Wednesday. The currency pair was pressured south by the 200-hour simple moving average, which provided a resistance for the rate at 128.43.
However, today's session begins with a bullish momentum, and by the middle of the UK trading session, the exchange rate had gained about 0.77% of its values.
Everything being equal, it is likely that the currency exchange rate continues its bullish sentiment today. The EUR/JPY pair will target a resistance level formed by the upper boundary of a descending channel and the weekly PP near the 128.95 area within this session.