| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 54% | 1.4% |
| Shorts | 45% | 46% | -1.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Sell |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇘ |
The common European currency depreciated about 42 basis points against the Japanese Yen on Friday. The currency pair breached the 50-, 100-, and 200- hour SMAs during Friday's trading session.
The exchange rate is currently testing a resistance level formed by the 50—hour simple moving average at 120.62.
If the resistance level holds, a breakout through the lower boundary of an ascending channel pattern could occur within this session.
However, if the currency exchange rate breaches the 50– hour SMA, a surge towards the weekly R1 at 121.10 could be expected today.