Positions | Today | Yesterday | % Change | |
Longs | 60% | 40% | 33.33% | |
Shorts | 40% | 60% | -50.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Buy | |
Alligator (13; 8; 5) | Buy | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇑ |
After reaching the lower channel boundary circa 131.90 on Wednesday, EUR/JPY was dominated entirely by bulls. Along the way, the Euro dashed through the 100-, 55– and 200-hour SMAs and the weekly with no apparent resistance.
The 132.70 mark stopped the pair for several hours; however, a significant buying spree early in this session pushed the rate as high as the weekly R2 at 133.35.
This massive upward movement has sent technical indicators in the overbought area. This might weaken the pair for the upcoming trading hours.
In case the monthly PP at 132.81 is breached, it is expected that the Euro would unsuccessfully test a support cluster formed by the 200– and 55-hour SMAs and the weekly PP in the 132.40 area.