Positions | Today | Yesterday | % Change | |
Longs | 52% | 45% | 13.46% | |
Shorts | 48% | 55% | -14.58% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
After reaching the 20-hour SMA at 124.42 in the first hours of today's trading session, EUR/JPY was guided by strong downside risks, resulting in the pair dashing through four support levels, namely, the 38.2% and 23.6% Fibo, the monthly PP at 123.90 and the weekly S1 at 123.39. In case the European common currency stops near the 122.85 area, a channel down might be confirmed. The closest support is formed by the weekly S2 at 122.20; however, it is unlikely that the Euro manages to plunge until the given level. It is more likely that the rate reverses near the 0% Fibo, as Fibonacci retracement lines have been respected previously. By and large, the Euro is expected to depreciate against the Yen in intermediate term , as the pair did reach a one-year high at 125.81 on May 25.