| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 57% | -1.5% |
| Shorts | 44% | 43% | 1.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The single European currency appreciated about 31 basis points against the Japanese Yen on Tuesday. The currency pair breached the upper boundary of a descending channel pattern at 120.20 during Tuesday's trading session.
Given that the EUR/JPY exchange rate has breached the channel pattern, bullish traders could continue to drive the price higher during the following trading session.
However, a resistance level formed by the weekly R1 at 120.35 could provide resistance for the currency exchange rate within today's trading session.