| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 44% | 11.9% |
| Shorts | 51% | 56% | -11.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Sell | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Neutral | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Eurozone currency declined by 61 pips or 0.49% against the Japanese Yen on Tuesday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout had occurred, bearish traders could continue to pressure the EUR/JPY exchange rate lower during the following trading session. The potential target would be at the 123.00 level.
However, the currency exchange rate is likely to make a brief retracement towards the 124.20 area in the shorter term.