| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 61% | -1.1% |
| Shorts | 40% | 39% | 1.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The single European currency appreciated about 100 base points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.
Today's trading session began with bullish momentum. And by the middle of the day, a breakout has occurred through the upper end of a junior descending channel pattern at 125.40.
Given that a breakout has occurred, it is likely that the currency exchange rate will aim for a swing high of 126.42 within this session.
However, a resistance level formed by the monthly pivot point at 125.91 could hinder such movement.