| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 67% | 64% | 3.6% |
| Shorts | 33% | 36% | -7.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The single European currency declined by 89 basis points or 0.77% against the Japanese Yen on Tuesday. The currency pair breached the monthly support level at 115.55 during yesterday's trading session.
As for the near future, the EUR/JPY exchange rate will most likely continue to edge lower in the narrow descending channel pattern. Bearish traders could target the weekly S2 at 114.54.
A potential upside reversal could occur from the weekly S2 as mentioned above, during the following trading session.