| Positions | Today | Yesterday | % Change | |
| Longs | 51% | 49% | 3.92% | |
| Shorts | 49% | 51% | -4.08% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇗ | |
The common European currency continued its surge against the Yen on Monday, being driven mainly by mitigated political risks over the globe.
Despite halting near the 130.80 mark, where the 23.6% Fibonacci level and the weekly R1 are located, the rate accelerated and surged 40 pips in one hour. The given up-wave resulted in a breakout of the upper boundary of a descending channel—a move that paved the wave for the formation of a new channel up.
The massive up-move is likely to be followed by a correction or even full retracement down the 130.60 territory. From below, the pair is restricted by the aforementioned 23.6% Fibo and the weekly R1 that should either halt the Euro or hinder it for a few trading hours.