| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 67% | 64% | 5.0% |
| Shorts | 33% | 36% | -10.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency has surged by 132 pips or 1.13% in value against the Japanese Yen since Friday's trading session. A breakout occurred through the upper boundary of a descending channel pattern on Monday morning.
Given that a breakout had occurred, the currency pair will most likely continue to edge higher within this session. The potential target could be at a resistance cluster formed by the 200– hour simple moving average and the monthly pivot point at the 118.87 area.
Although, technical indicators suggest that the EUR/JPY exchange rate might trade sideways during the following trading session.