Positions | Today | Yesterday | % Change | |
Longs | 38% | 39% | -2.63% | |
Shorts | 62% | 61% | 1.61% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇘ | ⇗ | ⇑ |
On Thursday the markets were expecting the ECB rate decision. As the announcement came, the EUR/JPY currency exchange rate surged and broke the resistance line.
Meanwhile, during the jump the currency exchange rate revealed that there is an active channel up pattern, whose resistance stopped the ECB bounce upwards.
Although, it is unlikely going to be guiding the currency pair for long. Instead, as the full impact of the ECB is taken into account, new patterns will reveal themselves.