| Positions | Today | Yesterday | % Change | |
| Longs | 30% | 31% | -3.33% | |
| Shorts | 70% | 69% | 1.43% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇒ | |
As apparent on the chart, the common European currency has remained stable against the Yen. It was lingering slightly below the monthly R1 for the whole Wednesday, except for the massive plunge and a subsequent surge mid-session. The narrow range between the 55-hour SMA and the monthly R2 in which the pair was trading on Thursday morning suggests that a breakout is likely to occur.
Technical indicators demonstrate that there is still some upside potential that could result in the pair testing the upper boundary of the descending channel.
The upside target could be set near 133.00, as the weekly S1 and the 100-hour SMA are located near this mark. In case this resistance fails too stop the Euro, this should be done by the 200-hour SMA at 133.55. The 55-hour SMA should support the rate.