| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 51% | 1.6% |
| Shorts | 48% | 49% | -1.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The single European currency traded sideways against the Japanese Yen on Monday. The currency pair made about 53 pips movement during yesterday's trading session.
The EUR/JPY exchange rate is currently trading near a resistance cluster formed by the 50– hour simple moving average and the monthly S1 at 120.33.
If the resistance cluster holds, a potential breakout through the lower boundary of a descending channel pattern could occur.
However, if the currency exchange rate breaks the resistance cluster, a surge towards the 121.07 could be expected today.