Positions | Today | Yesterday | % Change | |
Longs | 53% | 52% | 1.89% | |
Shorts | 47% | 48% | -2.13% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇗ | ⇘ | ⇒ |
The single European currency appreciated about 60 base points against the Japanese Yen on Monday. The exchange rate breached the 200-hour simple moving average at 128.88 during the end of the previous session.
Today's session begins with a bearish sentiment and by the middle of the European trading session on Tuesday, the currency pair has dashed through all three SMAs and a support level formed by the weekly PP at 128.53.
By and large, it is likely that the bearish momentum continues to dominate the EUR/JPY pair within this session and potentially aim at a swing low of 127.60 during the following trading session.