| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 54% | 4.5% |
| Shorts | 44% | 46% | -5.9% |
| 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) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The single European currency has declined by 297 basis points or 2.48% in value against the Japanese Yen since Friday's trading session. A breakout occurred through the lower boundary of a descending channel pattern during the morning hours of Monday's session.
Given that a breakout had occurred, the currency pair will most likely continue to decline. The potential target for the EUR/JPY pair would be at the weekly S3 at 115.62.
However, the monthly S2 at 116.62 could provide support for the currency exchange rate within this session.