Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 46% | 49% | -6.5% |
Shorts | 54% | 51% | 5.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Buy | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Buy | Neutral |
Alligator(13;8;5) | Sell | Sell | Sell |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency depreciated about 97 base points against the Japanese Yen on Thursday. The decline was stopped by a support level formed by the weekly S3 at 124.26.
As for the near future, it is likely that the EUR/JPY currency pair slightly move higher towards a resistance cluster formed by the 50-hour simple moving average and the weekly S2 at 124.96.
However, given that the currency exchange rate is trading near the lower boundary of a descending channel pattern, a breakout could be expected during the following trading session.