Positions | Today | Yesterday | % Change | |
Longs | 42% | 35% | 16.67% | |
Shorts | 58% | 65% | -12.07% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
Following a breakout from a resistance cluster formed by the weekly and the monthly PPs and the combination of the 55-,100–,200– hour SMAs located near the 127.87 mark, bulls took control of the market and managed to push the EUR/JPY exchange rate 137 pips or 1.07% higher.
By the Asian session on Friday, the currency pair pierced a significant resistance which is the weekly R1 at 129.01. Despite technical indicators flash bearish signals today, the rate might dash through the aforementioned resistance level during the following trading session.
In terms of barrier that might hinder the continuous upside movement for the currency exchange rate, is located near 129.78 which is the weekly R2.