| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 62% | -4.9% |
| Shorts | 40% | 38% | 7.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The common European currency has depreciated about 1.11% in value against the Japanese Yen since September 20. A breakout occurred through the lower boundary of an ascending channel pattern at 118.50 during the morning hours of Monday's trading session.
Currently, the exchange rate is testing a support cluster formed by the combination of the weekly S1 and the monthly pivot point at 117.99.
If the support cluster holds, a brief retracement towards the 118.66 area might occur within this session.
However, if the EUR/JPY pair passes the support cluster, the currency exchange rate might fall by 140 pips before the end of today's trading session.