Positions | Today | Yesterday | % Change | |
Longs | 45% | 53% | -17.78% | |
Shorts | 55% | 47% | 14.55% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Neutral | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇓ | ⇒ |
The resistance which limited a move above the 132.00 mark provided a barrier for the Euro yesterday. Thus, bears took over control of the market. The rate reached the lower boundary of an ascending channel during the end of Thursday's session and has since regained some of its lost points.
Technical indicators suggest a continuous decline for the EUR/JPY pair within the following trading session. However, it is important to note that the nearest support for the rate is set by the 100- and 200– hour simple moving averages.
In terms of today session, it is expected the currency pair remains between the SMAs.