| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 41% | 19.6% |
| Shorts | 49% | 59% | -20.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The single European currency declined by 84 basis points or 0.69% in value against the Japanese Yen on Friday. The currency pair was pressured south by the 50– hour simple moving average.
As for the near future, the EUR/JPY exchange rate could make a brief upward retracement. Bullish traders are likely to target a resistance level formed by the 100– hour simple moving average at 121.34.
However, a resistance cluster formed by the 50– hour SMA and the weekly pivot point at 121.08 could hinder such progress during the following trading session.