| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 50% | 3.6% |
| Shorts | 48% | 50% | -3.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Sell | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Neutral | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The common European currency surged by 59 pips or 0.47% against the Japanese Yen on Thursday. A breakout occurred through the upper line of a descending channel pattern during yesterday's trading session.
Given that a breakout has occurred, the EUR/JPY currency exchange rate is likely to continue to edge higher today. The potential target for bulls would be near the 126.40 level.
However, a resistance line at 126.20 could provide a barrier for bullish traders within the following trading session.