Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 45% | 42% | 6.5% |
Shorts | 55% | 58% | -5.3% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | 4H | 1D | 1W |
RSI(14) | Buy | Buy | Buy |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇗ | ⇗ | ⇗ |
The common European currency surged by 46 basis points or 0.37% against the Japanese Yen on Friday. The 50– hour simple moving average provided support for the currency pair during Friday's trading session.
Technical indicators demonstrate buying signals on the 4-hour, daily and weekly time-frame charts. Most likely, the EUR/JPY exchange rate could continue to edge higher within this session.
On the other hand, the currency exchange rate is likely to make a brief retracement towards the 200– hour SMA at 124.23 during Monday's trading session.