| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 61% | -5.0% |
| Shorts | 41% | 39% | 7.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The common European currency depreciated about 43 base points against the Japanese Yen on Monday. The currency pair reversed south from a resistance cluster formed by the combination of the weekly pivot point and the 200-hour simple moving average during yesterday's trading session.
As for the near future, it is likely that the currency exchange rate will aim for the upper line of a descending channel pattern at 121.97.
However, the resistance cluster, as mentioned earlier, could hinder the EUR/JPY exchange rate from making gains today.