| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 75% | -1.0% |
| Shorts | 26% | 25% | 3.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The common European currency depreciated about 68 basis points against the Japanese Yen on August 7. The currency pair tested the lower boundary of a triangle pattern at 118.50 during the end of yesterday's trading session.
Most likely, the EUR/JPY exchange rate could continue its decline within this session. The potential downside target will be near the monthly support level at 118.00.
If the support level holds, a pullback towards the weekly and the monthly resistance levels at 119.36 might be expected during the following trading session.