| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 49% | 2.5% |
| Shorts | 50% | 51% | -2.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The common European currency surged by 88 pips or 0.75% against the Japanese Yen on Thursday. The currency pair tested the upper boundary of an ascending channel pattern at 119.37 during yesterday's trading session.
All things being equal, the EUR/JPY exchange rate could decline within the following trading session. Bearish traders are likely to pressure the price towards the 118.20 level.
However, a support cluster formed by the 50– hour simple moving average and the weekly R1 at 118.67 could provide support for the currency exchange rate during the following trading session.