Positions | Today | Yesterday | % Change | |
Longs | 34% | 34% | 0.00% | |
Shorts | 66% | 66% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Neutral | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇗ | ⇗ |
The single European currency continued to lose ground against the Japanese Yen. By the end of Friday's trading session, the exchange rate has reached a low at 131.87.
Bulls tried making some gains during the early hours of Monday's session, however, a resistance formed by the weekly pivot point at the 132.56 mark prevented such gain.
As for near future, the EUR/JPY currency exchange rate is likely to continue its decline until it reaches a support level at 131.64 set by the weekly PP. In the meantime, technical indicators flash mixed signals.