Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 53% | 53% | -1.6% |
Shorts | 47% | 47% | 1.8% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Buy | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Buy | Neutral |
Alligator(13;8;5) | Sell | Neutral | Neutral |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇒ |
The Eurozone single currency bounced off the lower boundary of a descending channel pattern against the Japanese Yen at the end of yesterday's trading session. As a result, the currency pair surged by 51 basis points.
In regards to the near future, the EUR/JPY exchange rate will likely continue to gain strength. The possible target will be at resistance level formed by the 200– hour simple moving average at 120.32.
However, a resistance cluster formed by the monthly pivot point and the 100– hour SMA at 119.65 could restrict bullish traders from pushing the price higher within this session.