| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 41% | 51% | -24.1% |
| Shorts | 59% | 49% | 16.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The common European currency dipped by 52 pips or 0.40% against the Japanese Yen on Wednesday. The decline was stopped by the 50– hour simple moving average at 128.00 during yesterday's trading session.
The EUR/JPY exchange rate is likely to edge higher within the following trading session. The potential target for bullish traders would be near the weekly resistance level at 129.86.
However, a resistance line at 129.50 could provide a barrier for buyers during the following trading session.