| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 48% | 7.9% |
| Shorts | 48% | 52% | -8.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Buy | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Neutral | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The common European currency has declined by 121 pips or 0.96% against the Japanese Yen since Tuesday's trading session. The currency pair breached the monthly support level at 124.47 on Wednesday morning.
As for the near future, the EUR/JPY exchange rate could continue to edge lower. The potential target for bullish traders would be near the weekly support level at 124.20.
However, the lower boundary of a descending channel pattern could provide support for the currency exchange rate in the shorter term.