Positions | Today | Yesterday | % Change | |
Longs | 46% | 42% | 8.70% | |
Shorts | 54% | 58% | -7.41% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Neutral | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇓ | ⇒ |
Bearish sentiment continued to dominate the EUR/JPY currency pair. After a short period of consolidation during yesterday trading session, the rate took a dive further south.
After hitting the 38.20% Fibonacci retracement level, the currency exchange rate made a U-turn south. This retracement can be measured by connecting the low at 129.61 and the high at 131.74.
Technical indicators demonstrate a continuous decline for the currency pair within the following session until it breaches the lower boundary of a dominant channel.