| Positions | Today | Yesterday | % Change | |
| Longs | 47% | 45% | 4.26% | |
| Shorts | 53% | 55% | -3.77% | |
| 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 appreciated about 70 base points against the Japanese Yen on Wednesday. The surged was stopped by a resistance level formed by the 50-hour simple moving average at 128.40.
Thursday's trading session began with a strong bearish momentum, and by the middle of the session, the EUR/JPY currency pair has plunged by about 74 base points.
Everything being equal, it is likely that the 50-hour SMA could pressure the currency exchange rate down towards a support cluster formed by the weekly and the monthly PPs at 127.27 today.