Positions | Today | Yesterday | Change |
Longs | 54% | 51% | 5.6% |
Shorts | 46% | 49% | -6.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Neutral | Neutral |
Alligator(13;8;5) | Buy | Neutral | Sell |
SAR(0.02;0.2) | Buy | Sell | Sell |
Aggregate | ⇗ | ⇘ | ⇘ |
The common European currency has depreciated about 50 base points against the Japanese Yen since yesterday's trading session. The currency pair tested the lower boundary of a junior ascending channel pattern during the Asian session on Tuesday.
After hitting the 200-hour simple moving average at 124.81, the EUR/JPY exchange rate began to gain strength.
As for the near future, it is likely that the currency exchange rate will aim at a swing high of 125.47.
However, a resistance level formed by the upper boundary of a dominant descending channel at 125.26 could hinder such movement today.