| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 40% | -2.9% |
| Shorts | 61% | 60% | 1.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
On Wednesday, the common European currency fell by 45 pips or 0.35% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
Given that a breakout has occurred, sellers are likely to continue to drive the price lower during the following trading session. The potential target for the EUR/JPY pair would be near the 129.80 area.
However, bearish traders may encounter support near the psychological level at 130.00 within this session.