| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 45% | 30% | 32.8% |
| Shorts | 55% | 70% | -27.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Buy | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Neutral | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The common European currency fell by 54 points or 0.42% against the Japanese Yen on Thursday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.
Currently, the EUR/JPY exchange rate is trading near the lower line of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the weekly S2 at 125.41 could be expected within this session.
However, if the channel pattern holds, the currency exchange rate is likely to make a pullback towards the 126.40 level today.