Positions | Today | Yesterday | % Change | |
Longs | 42% | 40% | 4.76% | |
Shorts | 58% | 60% | -3.45% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
The EUR/JPY currency pair has continued to be maintaining the junior ascending channel. The pair is slowly moving north toward the upper boundary of the aforementioned pattern.
After piercing the 38.20% Fibonacci retracement level during the end of Wednesday's trading session, the Euro made a U-turn north. This retracement can be measured by connecting the low at 128.96 and the March 27 high at 131.82, where the 0.00% level is the high and the 100.00% is the March 23 low.
As for near future, the currency exchange rate is likely to continue moving north until encounters a resistance set by the monthly pivot point at 132.54.