| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 71% | 3.6% |
| Shorts | 27% | 29% | -9.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇓ | ⇘ |
Upside risks have dominated the single European currency versus the Japanese Yen since June 21. A breakout occurred through the upper boundary of a descending channel pattern on Friday.
Everything being equal, it is likely that the EUR/JPY currency pair will edge lower today. The potential downside target will be near a support level formed by the 100-hour SMA at 121.60.
If this support level holds, the currency exchange rate will continue its upward swing during the following trading session.