| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 42% | 25.9% |
| Shorts | 43% | 58% | -34.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The common European currency depreciated about 237 base points against the Japanese Yen on Friday. The pair tested the lower band of a medium-term descending channel pattern at 123.82 during Friday's trading session.
Technical indicators flash sell signals on both the smaller and the larger time frames chart. Therefore, the EUR/JPY exchange rate could edge lower within this session.
Moreover, given that the currency exchange rate is near the bottom border of the medium-term descending channel at 124.45, a breakout is likely to occur during the following trading hours.