| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 54% | -6.2% |
| Shorts | 50% | 46% | 6.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Sell | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/JPY currency bounced off the bottom border of a descending channel pattern at 123.37 on Thursday. As a result, the common European currency surged by 76 points or 0.61% against the Japanese Yen.
Everything being equal, the exchange rate could continue to edge higher during the following trading session. A breakout through the upper line of the descending channel could occur.
However, the resistance cluster near the 124.50 could provide a barrier for bulls within this session.