Positions | Today | Yesterday | % Change | |
Longs | 49% | 39% | 20.41% | |
Shorts | 51% | 61% | -19.61% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Buy | Buy | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Sell | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
The previously described scenario on Thursday regarding the EUR/JPY had occurred. A support set by the weekly pivot point near 129.78 proved to have enough strength to stopped the rate from declining further.
Given that the currency exchange rate remains trading inside the junior pattern, a breakout is expected to occur during the following trading session.
Technical indicators are in favour of bearish pressure that could dominate the rate today. Traders should look for opportunities to trade if the aforementioned situation happens.