| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 43% | 8.1% |
| Shorts | 53% | 57% | -7.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇑ | ⇗ |
The single European currency has continued to decline in a descending channel pattern against the Japanese Yen. The currency pair declined by 62 basis points on Tuesday.
Everything being equal, the EUR/JPY exchange rate will likely continue to trade in the descending channel pattern. Bearish traders could break the 38.20% Fibonacci retracement level at 121.77 today.
However, technical indicators flash buy signals on the daily time-frame chart. Therefore, a potential upside reversal could occur from the 38.20% Fibo within the following trading session.