| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 62% | 64% | -4.2% |
| Shorts | 38% | 36% | 6.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Eurozone single currency surged by 162 pips or 1.37% in value against the Japanese Yen on Tuesday. The currency pair breached the upper boundary of a dominant descending channel during yesterday's trading session.
Everything being equal, the EUR/JPY exchange rate will most likely continue its upside momentum. A breakout through the upper boundary of an ascending channel pattern could occur within this session.
However, if the ascending channel pattern holds, the currency exchange rate could slide lower towards a support cluster formed by the 50– hour simple moving average and the monthly pivot point at the 119.64 within this session.