| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 47% | 7.1% |
| Shorts | 49% | 53% | -7.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Eurozone single currency depreciated about 79 basis points against the Japanese Yen on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
Everything being equal, the EUR/JPY exchange rate will likely edge up within this session. Bullish traders might target a resistance level formed by the weekly R1 at 120.68.
Although, given that the currency exchange rate is currently trading near the bottom border of the descending channel pattern, a breakout could occur within the following trading session.