Positions | Today | Yesterday | % Change | |
Longs | 32% | 25% | 21.88% | |
Shorts | 68% | 75% | -10.29% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
Bulls managed to regain some of its lost positions yesterday, as the rate bounced off the lower boundary of an ascending trend line and made a breakout. The exchange rate breached the up border of a downtrend channel during the early hours of Friday's trading session.
After piercing through the 200-hour simple moving average at 128.45, the currency pair pullback.
Everything being equal, the EUR/JPY currency exchange rate is likely to depreciate further south within this session toward a support cluster formed by the combination of the 55– and 100-hour SMAs near the 127.71 mark.