| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 43% | 18.0% |
| Shorts | 48% | 57% | -19.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Buy | Sell | Buy |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Neutral | Buy |
| Aggregate | ⇗ | ⇘ | ⇗ |
The common European currency declined by 90 pips or 0.72% against the Japanese Yen on Wednesday. The currency pair breached the 50-, 100– and 200– hour simple moving averages during Wednesday's trading session.
Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, bearish traders are likely to pressure the exchange rate towards the 123.40 level today.
However, if the channel pattern holds, the currency exchange rate would make a pullback towards the 124.60 level within this session.