| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 59% | -4.4% |
| Shorts | 43% | 41% | 5.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The common European currency traded sideways movement against the Japanese Yen on Monday. The 100-hour simple moving average provided resistance at 121.08 during yesterday's trading session.
Most likely, the EUR/JPY exchange rate might continue its downward swing within this session. Bearish traders are likely to aim at the lower boundary of a descending channel pattern at 120.52.
Furthermore, technical indicators suggest that the currency exchange rate could edge lower during the following trading session.