| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 54% | -8.6% |
| Shorts | 50% | 46% | 8.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The EUR/JPY currency pair bounced off a support level, formed by the 50– hour SMA at 129.71 on Tuesday. As a result, the common European currency surged by 73 pips or 0.56% against the Japanese Yen during Tuesday's trading session.
Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the support level at 129.50 could be expected within this session.
However, if the channel pattern holds, buyers could target the 131.00 level during Wednesday's trading session.