| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 57% | -6.4% |
| Shorts | 47% | 43% | 7.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Eurozone single currency depreciated by 114 basis points against the Japanese Yen on Friday. The currency pair tested the 50– hour simple moving average at 121.50 during the previous trading session.
As for the near future, the 50– hour SMA will likely guide the EUR/JPY exchange rate higher. Bullish traders might target the weekly R1 at 122.80 within the following trading session.
However, the 23.60% Fibonacci retracement level at the 122.02 area could provide resistance for the currency exchange rate during the following trading session.