| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 28% | -3.5% |
| Shorts | 73% | 72% | 1.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The common European currency declined by 52 pips or 0.39% against the Japanese Yen on Tuesday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout has occurred, the exchange rate could continue to edge lower during the following trading session. The potential target for the currency pair would be near the 131.40 area.
However, a support cluster formed by the weekly pivot point and the 200– hour simple moving average at 131.73 could provide support for the currency exchange rate within this session.