| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 51% | -5.4% |
| Shorts | 51% | 49% | 5.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The common European currency has depreciated by 1.12% in value against the Japanese Yen since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at 121.42 on Thursday.
Given that a breakout had occurred, the EUR/JPY exchange rate will most likely continue to decline within this session. The pair could target the monthly S3 at the 119.92 area.
However, a support cluster formed by the combination of the weekly S1 and the monthly S2 at 120.49 could provide support for the currency exchange rate during the following trading session.