| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 62% | 58% | 6.3% |
| Shorts | 38% | 42% | -10.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
On Thursday, the common European currency edged higher by 36 pips or 0.28% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
Given that a breakout has occurred through the upper boundary of a descending channel pattern, bullish traders could continue to drive the EUR/JPY exchange rate higher during the following trading session.
However, the 200– hour SMA at 129.27 could provide resistance for the currency exchange rate within this session.