Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 46% | 48% | -5.2% |
Shorts | 54% | 52% | 4.4% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | 4H | 1D | 1W |
RSI(14) | Sell | Buy | Buy |
Stochastic(5;3;3) | Neutral | Neutral | Sell |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
The common European currency declined by 39 basis points or 0.31% against the Japanese Yen on Monday. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout had occurred, the exchange rate could continue to edge lower during the following trading session. The potential target for the EUR/JPY pair would be at the weekly S1 at 125.00.
However, technical indicators suggest that the currency exchange rate could slide higher within this session.