| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 49% | 13.1% |
| Shorts | 44% | 51% | -16.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Eurozone single currency depreciated by 100 basis points against the Japanese Yen on Friday. The currency pair tested the lower boundary of a descending channel pattern at 120.16 during the previous trading session.
Currently, the exchange rate is testing a resistance level formed by the 23.60% Fibonacci retracement level at 120.71.
If the EUR/JPY pair breached the resistance level, a surge towards the 50.00% Fibo level could be expected today.
However, technical indicators suggest that the currency exchange rate will most likely continue to edge lower during the following trading session.