| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 50% | -1.8% |
| Shorts | 51% | 50% | 1.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The common European currency is currently trading in a narrow descending channel pattern against the Japanese Yen. The currency pair declined by 59 points or 0.47% on September 14.
Currently, the exchange rate is trading near the upper line of the narrow descending channel and could be set for a breakout.
If the breakout occurs, bullish traders could push the EUR/JPY pair towards the 126.20 level within this session.
However, if the channel pattern holds, bears are likely to continue to dominate the market during the following trading session.