| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 75% | -3.0% |
| Shorts | 27% | 25% | 8.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Upside risks have dominated the common European currency against the Japanese Yen since yesterday's trading session. A breakout occurred through the upper boundary of a descending channel pattern at 119.07 during the morning hours of Tuesday's session.
Give that a breakout had occurred, it is likely that the EUR/JPY exchange rate could target a resistance level formed by the weekly R1 at 120.46 during the coming hours.
On the hand, the currency exchange rate might make a brief retracement towards the 118.83 area today.