| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 59% | -16.7% |
| Shorts | 49% | 41% | 17.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The common European currency appreciated about 88 basis points or 0.73% in value against the Japanese Yen on Thursday. The currency pair tested the weekly R3 at 121.33 during yesterday's trading session.
After the exchange rate tested the weekly R3, the EUR/JPY pair began to decline. Most likely, bearish traders could drive the price towards the psychological level at 120.00 within this session.
However, a support level formed by the 50– hour simple moving average at 120.37 could provide support for the currency exchange rate during Friday's trading session.