Positions | Today | Yesterday | % Change | |
Longs | 43% | 48% | -11.63% | |
Shorts | 57% | 52% | 8.77% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇗ | ⇘ |
The upside momentum of the common European currency against the Japanese Yen has been temporarily stopped by a resistance cluster set by the combination of the monthly R1 and the weekly R2 at 132.67.
By the middle of Wednesday's trading session, the currency pair was consolidating as bulls and bears were indecisive about their next moves. However, the 55-, 100-, and the 200-hour SMAs still favour that bulls could prevail during the following session.
Technical indicators suggest that the EUR/JPY currency exchange rate is likely to continue moving upward until it breaches the upper boundary of a junior pattern.