| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 50% | 8.8% |
| Shorts | 45% | 50% | -11.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The common European currency declined by 72 pips or 0.60% in value against the Japanese Yen on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during the previous session.
Currently, the exchange rate is trading near a resistance cluster formed by the 200– hour simple moving average and the weekly pivot point at 120.38.
If the resistance cluster holds, the EUR/JPY pair will continue to trade south within this session.
However, if the currency exchange rate breaks the resistance lines, a surge towards the 120.00 area could be expected today.