| Positions | Today | Yesterday | % Change | |
| Longs | 40% | 55% | -37.50% | |
| Shorts | 60% | 45% | 25.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Buy | |
| Alligator (13; 8; 5) | Neutral | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇑ | |
EUR/JPY breached a medium-term descending channel on Friday and was set for a further movement north. However, the rate halted at 132.60 near the 38.2% FIbo retracement and subsequently plunged back down to the 100-hour SMA circa the psychological 132.00 level.
Despite the bearish momentum on Monday morning, it is likely that the Euro tries to recover some lost positions. However, the 200-hour SMA and the weekly PP at 132.40 could work as an effective resistance and thus mark a turning point for the pair. A possible trading range could be between the aforementioned resistance and the weekly S1 at 131.60.
Meanwhile, the ECB President Draghi is set to participate in a panel discussion together with the BOJ Governor Kuroda the Fed Chief Yellen tomorrow at 1000GMT.