| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 40% | 45% | -12.7% |
| Shorts | 60% | 55% | 8.6% |
| 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) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Eurozone single currency declined by 33 pips or 0.26% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour SMA during the previous session.
The exchange rate bounced off a support cluster formed by the 50– and 200– hour SMAs and the weekly pivot point at 129.17 during the Asian session on Wednesday.
Most likely, the EUR/JPY pair could continue to edge higher during the following trading hours. A breakout through the upper line of an ascending channel pattern could occur.
However, buyers are likely to encounter a resistance level at 130.05 today.