Positions | Today | Yesterday | % Change | |
Longs | 40% | 37% | 7.50% | |
Shorts | 60% | 63% | -5.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
The EUR/JPY exchange rate showed some volatility on Tuesday but it did not leave it daily trading range opening level near 128.36. Any significant move was restricted by the 55-,100-, and 200-hour simple moving averages.
By the middle of Wednesday's session, the currency pair tested the lower boundary of a junior ascending pattern. Meanwhile, a strong resistance set by the 200-hour SMA located near 127.90 was pressurizing the price south.
Given that the currency exchange rate has moved closer to the bottom border of the aforementioned ascending channel, a breakout could be expected during the following trading session.