| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 54% | -10.5% |
| Shorts | 51% | 46% | 10.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
[ANNOUNCE]The common European currency edged higher by 71 basis points against the Japanese Yen. The currency pair breached the weekly R1 at 122.32 during yesterday's trading session. [/ANNOUNCE]
Currently, the exchange rate is trading near a resistance cluster formed by the weekly R2 and the monthly R1 at 122.98.
From a theoretical point of view, the EUR/JPY pair might make a downside reversal from the resistance level, as mentioned earlier.
However, technical indicators demonstrate that the currency exchange rate will most likely continue to edge higher in the short-term future.