| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 57% | -1.2% |
| Shorts | 44% | 43% | 1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/JPY currency pair has continued to trade south in a descending channel pattern. The Euro has depreciated about 0.44% in value since yesterday's trading session.
The exchange rate was trading near the lower bound of a descending channel at 121.02 during the first part of Thursday's trading session.
Most likely, a breakout could occur through the lower boundary of the channel pattern within this session.
However, if the descending channel holds, a retracement towards a resistance level formed by the 200-hour SMA could be expected today.