| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 54% | -1.1% |
| Shorts | 46% | 46% | 1.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has been appreciating in an ascending channel pattern against the Japanese Yen since October 8. The currency pair breached the lower boundary of the channel pattern at 121.09 during the morning hours of Tuesday's trading session.
The EUR/JPY exchange rate will likely edge lower during the following trading session. The bears might target a support level formed by the weekly pivot point at 120.51.
However, the 100– hour simple moving average at 120.77 might provide support for the currency exchange rate in the shorter term.