| Positions | Today | Yesterday | % Change | |
| Longs | 37% | 32% | 13.51% | |
| Shorts | 63% | 68% | -7.94% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
The European common currency continues to depreciate against the Yen for the third consecutive day. As a result, a minor descending channel was formed.
The rate was stranded in a narrow range between the 100-hour SMA and the weekly R1 during the last 24 hours. The former worked effectively at supporting the Euro on two separate occasions, suggesting that the rate is more likely to push north in the remaining trading session. This surge should guide the pair towards the upper wedge boundary circa 132.00.
On the other hand, a breakout of the 100-hour SMA should trigger a fall down to the 200-hour SMA.