Positions | Today | Yesterday | % Change | |
Longs | 38% | 38% | 0.00% | |
Shorts | 62% | 62% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇑ |
EUR/JPY had been stranded in a narrow 133.81/133.52 range for the second consecutive session. The upper boundary was set by the prevailing channel down, while support was provided by the 55-hour SMA.
This calm movement changed mid-session when the Euro breached the 133.60 mark and fell down to the 200-hour SMA and the weekly PP at 133.30. Given that this area is also reinforced by the 100-hour SMA, bears might be reluctant to push the rate lower.
Technical indicators point to a possible increase in price during the following 24 hours. The nearest resistance is the upper channel boundary circa 133.75, while the 134.40 mark is regarded as a more probable upside target.