| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 68% | 67% | 1.9% |
| Shorts | 32% | 33% | -4.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The common European currency has surged by 283 pips or 2.43% in value against the Japanese Yen since Monday's trading session. The EUR/JPY currency pair tested the upper boundary of a descending channel pattern at 118.70 on Tuesday morning.
All things being equal, the exchange rate could make a slight downside retracement towards a support level at 117.62.
However, given that the currency exchange rate is currently trading near the upper boundary of the descending channel pattern, a breakout could occur within the following trading session.