| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 39% | 5.8% |
| Shorts | 58% | 61% | -4.1% |
| 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 | Sell |
| SAR(0.02;0.2) | Neutral | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Eurozone single currency has surged by 55 pips or 0.44% against the Japanese Yen since Tuesday's trading session. The currency pair breached the 50– and 100– hour SMAs on Wednesday morning.
All things being equal, the EUR/JPY exchange rate is likely to continue to trend bullish during the following trading session. The possible target for bulls would be near the weekly resistance level at 127.22.
However, a resistance level at 126.60 could provide a barrier for bullish traders within today's session.