| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 33% | 13.16% | |
| Shorts | 62% | 67% | -8.06% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇓ | ⇗ | |
The common European currency has been trading in a channel down against the Japanese Yen since early February. The movement south was guided by the weekly R1 at 137.45.
The exchange rate is likely to breach the lower boundary of the dominant channel before the end of Friday's trading session.
The decline for the pair could continue until it finds support at the monthly pivot point at 131.11. Also, technical indicators suggest that the EUR/JPY pair is in the oversold zone; thus, a reversal north is likely during the following trading sessions.