| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 57% | -2.3% |
| Shorts | 44% | 43% | 3.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The common European currency has continued to trade bullish against the Japanese Yen. The currency pair appreciated by 115 basis points during yesterday's trading session. A breakout occurred through the upper boundary of a descending channel pattern.
Given that a breakout had occurred, the EUR/JPY exchange rate will likely continue to trade bullish within this session.
However, a resistance level formed by the weekly R1 at 121.98 could prevent bulls from push the currency exchange rate higher during the following trading session.