Positions | Today | Yesterday | % Change | |
Longs | 33% | 46% | -39.39% | |
Shorts | 67% | 54% | 19.40% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
The first part of Monday's showed lack of volatility, as the market was consolidating. However, by the middle of the trading day, a strong bearish momentum prevailed and made the rate to breached a triangle pattern.
A breakout occurred through the lower boundary of the medium-scale triangle towards the end of the European trading session. During this downturn, the exchange move past a strong support cluster set by the weekly and the monthly PPs near 130.81.
Furthermore, it is likely the EUR/JPY currency exchange rate retrace north within this session. In addition, Technical indicators suggest the price is located in the oversold zone.