| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 69% | 61% | 11.8% |
| Shorts | 31% | 39% | -25.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The single European currency appreciated about 91 base points against the Japanese Yen on Monday. The currency pair tested a resistance level formed by the 50-hour simple moving average near the 124.20 area during yesterday's trading session.
By and large, it is likely that the EUR/JPY exchange rate will continue to gain strength within this session. The potential upside targets for the pair will be near a resistance cluster formed by the 100– and 200-hour SMAs at 124.62.
However, technical indicators demonstrate that the currency exchange rate could continue its downwards movement today.