| Positions | Today | Yesterday | % Change | |
| Longs | 36% | 37% | -2.78% | |
| Shorts | 64% | 63% | 1.56% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Buy | Neutral | |
| Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
Downside sentiment continues to push the single European currency lower against the Japanese Yen. As a result, the pair broke out from the flag like formation pattern.
After reaching the weekly pivot point at the 128.65 mark, the exchange rate took a dive south and by the middle of trading session on Tuesday, the currency pair has reached eleven-month low level. Meanwhile, a breakout has occurred through the lower boundary of a descending channel.
The overall market sentiment is bearish; therefore, the EUR/JPY exchange rate is likely to continue to depreciate during the following trading session.