Positions | Today | Yesterday | % Change | |
Longs | 33% | 42% | -27.27% | |
Shorts | 67% | 58% | 13.43% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇓ | ⇘ | ⇑ |
A strong support cluster near the 132.92 mark, which is made up of the combination of the monthly and the weekly pivot points stopped the decline for the EUR/JPY pair.
By the middle of the European trading session on Friday, the currency exchange rate had managed to regain some of its lost points. However, the 55—hour simple moving average is restricting the pair to rally further.
During the next trading session, bear dominance over the currency pair could be coming to an end, and traders should look for opportunities to trade the opposite direction.