| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 60% | -5.1% |
| Shorts | 43% | 40% | 6.7% |
| 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 | ⇘ | ⇗ | ⇒ |
During Monday's trading session, the single European currency depreciated about 100 basis points against the Japanese Yen. The currency pair breached a support cluster at 117.99.
The exchange rate bounced off the lower boundary of a descending channel pattern at 117.80 during the end of yesterday's trading session. As a result, the EUR/JPY currency pair will likely edge higher today. The potential target for bullish traders would be near the weekly PP at 118.93.
However, a resistance level, formed by the 50– hour simple moving average at 118.52 could restrict the bullish movement within this session.