| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 49% | -0.3% |
| Shorts | 51% | 51% | 0.3% |
| 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 | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The single European currency appreciated by 68 basis points against the Japanese Yen on Wednesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
The exchange rate is currently trading near the upper boundary of a descending channel pattern at 120.69.
If the EUR/JPY pair breaks the descending channel, a surge towards the 121.00 could be expected within this session.
However, if the channel pattern hold, bearish traders could target a support cluster at the 120.37 zones in the nearest future.