Positions | Today | Yesterday | % Change | |
Longs | 29% | 26% | 10.34% | |
Shorts | 71% | 74% | -4.23% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Sell | |
Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇘ | ⇗ | ⇗ |
The decline of the Euro against the rest of the financial instruments continued on Tuesday. The EUR/JPY currency pair was no exception to the rule. The pair has continued to decline, and by the middle of Tuesday's trading the pair had reached a significant support level.
Namely, the rate had fallen down to a monthly support at the 134.28 level. It is highly likely that the support level together with the lower trend line of the junior channel down pattern will force the currency pair to stop the decline.
Due to that reason the situation should be watched closely, as a short lived rebound could occur.