| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 33% | 30% | 10.0% |
| Shorts | 67% | 70% | -5.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The common European currency surged by 87 points or 0.69% against the Japanese Yen on Wednesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading session. A breakout through the upper boundary of an ascending channel pattern could occur.
However, technical indicators suggest the 4H time-frame chart. Therefore, the EUR/JPY currency exchange rate could make a brief pullback towards the 126.63 within this session.