| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 25% | 6.2% |
| Shorts | 73% | 75% | -2.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The common European currency has declined by 42 pips or 0.31% against the Japanese Yen since Thursday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Friday.
Given that a breakout has occurred, bearish traders could continue to edge lower during the following trading session. The potential target for the EUR/JPY pair will be near the 133.20 level.
However, the weekly pivot point at 133.48 could provide support for the currency exchange rate today.