| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 52% | 7.2% |
| Shorts | 44% | 48% | -9.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Buy | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Neutral | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Eurozone single currency surged more than 90 points or 0.76% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session.
Given that a breakout had occurred, bulls could pressure the EUR/JPY currency pair higher within this session. The possible target for bullish traders would be at the weekly pivot point at 126.03.
However, a resistance cluster formed by the 200– hour SMA and the weekly resistance line at 125.74 could provide resistance for the currency exchange rate in the shorter term.