| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 25% | 27% | -5.3% |
| Shorts | 75% | 73% | 1.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The EUR/JPY currency pair bounced off the support level at 132.87 during yesterday's trading session. As a result, the common European currency surged by 36 pips or 0.27% against the Japanese Yen on Monday.
All things being equal, the exchange rate could continue to edge higher. A breakout through the upper line of a descending channel pattern is likely to occur within this session.
However, if the channel pattern holds, bearish traders may pressure the currency exchange rate lower today.