| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 60% | -10.9% |
| Shorts | 46% | 40% | 12.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The single European currency appreciated about 50 base points against the Japanese Yen on Monday. The currency pair breached the 200-hour simple moving average during yesterday's trading session.
Given that the 50-, 100– and 200-hour SMAs are low the price level, it is likely that the exchange rate surge towards a resistance line at 125.70 during the following trading session.
However, technical indicators flash sell signals on the daily time-frame chart. Therefore, the weekly R1 at 125.04 could hinder bulls from pushing the currency exchange rate higher today.