| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 49% | 3.7% |
| Shorts | 49% | 51% | -3.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The single European currency has depreciated by 0.62% in value against the Japanese Yen since December 27. The currency pair is trading in a narrow descending channel pattern.
Currently, the exchange rate is testing a resistance cluster formed by the 50– and 100– hour SMAs and the monthly pivot point at 121.95.
If the resistance cluster holds, the EUR/JPY pair will likely continue to trade in the narrow descending channel today.
However, if the pair breaks the resistance levels, a surge towards the 122.40 could be expected within this session.