Positions | Today | Yesterday | % Change | |
Longs | 50% | 58% | -16.00% | |
Shorts | 50% | 42% | 16.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇘ | ⇒ |
There has been some development in the situation on the EUR/JPY pair. By the end of Thursday's trading session, the exchange rate has extended it lost, which began during the early hours of the Asian session.
Due to the high volatility which had occurred, the currency pair has reached the lower boundary of the newly drawn pattern.
Given that the exchange rate is trading toward the border of a downtrend channel, a breakout is likely. If and when this aforementioned breakout occurs, it could find support at the weekly pivot point at 120.88. In addition, technical indicators favour bears to grow stronger.