| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 51% | -20.0% |
| Shorts | 58% | 49% | 14.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Neutral | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Eurozone single currency declined by 45 points or 0.36% against the Japanese Yen on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during Monday's trading session.
Given that a breakout had occurred, the currency pair could continue to decline within this session. Bearish traders are likely to pressure the EUR/JPY exchange rate towards the weekly support level at 124.01.
However, if the currency exchange rate breaks a resistance cluster at 124.68, a surge towards the 125.20 could be expected during the following trading session.