Positions | Today | Yesterday | % Change | |
Longs | 38% | 38% | 0.00% | |
Shorts | 62% | 62% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Neutral | Neutral | Neutral | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
The first part of Monday's trading session was relatively calm for the EUR/JPY exchange rate, as the pair continues to trade with low volatility for the second consecutive session. Although bears failed to push the rate past the lower boundary of a descending pattern, the expected up move towards the weekly PP at 130.97 did not occur as well.
Technical indicators demonstrate that the currency exchange rate could decline further south toward the aforementioned bottom border of a channel down during the following session.
It is unlikely that the pair could make any corrective movement north within the next 24hrs.