| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 59% | 1.7% |
| Shorts | 40% | 41% | -2.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
On Monday, the European single currency edged higher by 82 pips or 0.64% against the Japanese Yen. The currency pair breached the 200– hour simple moving average during Monday's trading session.
As for the near future, the EUR/JPY exchange rate could continue to edge higher. A breakout through the upper line of a descending channel pattern might occur within this session.
However, if the channel pattern holds, a decline towards a support cluster formed by the weekly pivot point and the 50– hour SMA at 128.58 during the following trading session.