| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 62% | 57% | 7.7% |
| Shorts | 38% | 43% | -12.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The common European currency has depreciated about 82 base points against the Japanese Yen since Tuesday's session. The currency pair breached the lower boundary of a descending channel pattern during the first part of Wednesday's trading session.
Given that a breakout had occurred, it is likely that the EUR/JPY exchange rate could continue its downward movement today. The potential target will be near the monthly S2 at 119.83.
If the support level formed by the monthly S2 holds, a possible upside reversal could occur during the following trading session.