Positions | Today | Yesterday | % Change | |
Longs | 54% | 54% | 0.00% | |
Shorts | 46% | 46% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇑ |
EUR/JPY remained stranded between the 100-hour SMA and the weekly and monthly PPs for the whole session on Wednesday.
Despite the strength of the latter, the Euro showed no resistance, dashed through both pivot points and subsequently managed to push up to the 133.20 area by mid-Thursday.
It is expected that the pair might reverse near this mark which is reinforced by the 23.8% Fibonacci retracement. This move would confirm the existence of a two week descending channel.
If considering this scenario, the common European currency should remain stable against the Yen, thus fluctuating near the 132.80 mark within the following 24 hours.