Positions | Today | Yesterday | % Change | |
Longs | 32% | 31% | 3.13% | |
Shorts | 68% | 69% | -1.47% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇘ | ⇘ |
Monday's trading session did not introduce significant changes to the pairs price range, as any attempts to move either direction were hindered by the monthly pivot point at 128.45. Also, the currency pair breached the aforementioned PP early Tuesday session.
By the middle of the European trading session, the pair has moved closer to the lower boundary of an ascending channel and could be prepared for a breakout within this hours.
If and when the aforementioned breakout occurs, the EUR/JPY currency exchange could depreciate toward a support cluster formed by the combination of the 100– and 200– hour SMAs near 127.55.