| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 60% | -10.9% |
| Shorts | 46% | 40% | 12.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency appreciated about 59 base points against the Japanese Yen on Friday. The currency pair was supported by the 50-hour simple moving average.
The exchange rate was trading near a resistance level formed by the 200-hour simple moving average at 125.04 during the morning hours of Monday's trading session.
If the 200-hour SMA holds, the currency exchange rate could make a potential reversal towards the lower band of a counter trendline at 124.50.
However, if the pair passes the resistance level as mentioned earlier, the next target for the Euro will be near the weekly R2 at 125.70.