| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 44% | -0.9% |
| Shorts | 56% | 56% | 0.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
On Tuesday, the common European currency declined by 69 pips or 0.53% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Tuesday's trading session.
The EUR/JPY exchange rate is currently trading near the lower line of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 129.00 level could be expected within this session.
However, if the channel pattern holds, buyers are likely to target the resistance level at 129.69 today.