| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 61% | -3.6% |
| Shorts | 41% | 39% | 5.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The common European currency has surged by 53 pips or 0.44% in value against the Japanese Yen since Monday's trading session. The currency pair tested the weekly R1 at 120.46 on Tuesday morning.
All things being equal, the EUR/JPY exchange rate will most likely continue to edge up within this session. The potential target will be at a resistance level near the 120.80 area.
However, a resistance level at 120.46 could provide resistance for the currency exchange rate during the following trading session.