| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 49% | -9.8% |
| Shorts | 56% | 51% | 7.8% |
| 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 | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The common European currency surged by 60 basis points or 0.48% against the Japanese Yen on Thursday. The currency pair breached a resistance level at 126.11 during yesterday's trading session.
All things being equal, the exchange rate could continue to edge higher during the following trading session. A breakout through the upper boundary of an ascending channel pattern could occur.
However, if the channel pattern holds, the currency exchange rate is likely to make a brief retracement towards the 126.11 area within this session.