| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 30% | 31% | -0.6% |
| Shorts | 70% | 69% | 0.3% |
| 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 declined by 48 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the weekly support level at 126.22 during yesterday's trading session.
The exchange rate could continue to edge lower in a descending channel pattern during the following trading session. The potential target for the EUR/JPY pair would be near the 126.00 area.
However, the weekly S1 at 126.22 could still provide support for the currency exchange rate within this session.