Positions | Today | Yesterday | % Change | |
Longs | 48% | 38% | 20.83% | |
Shorts | 52% | 62% | -19.23% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Neutral | Neutral | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
The single European currency has continued moving in an ascending channel against the Japanese Yen. The currency pair has moved closer to the upper boundary of the junior channel and could be ready for a breakout.
After reaching near 23.80% Fibonacci retracement level, the EUR/JPY currency pair started to decline. This retracement can be measured by connecting the low at 128.96 and the high at 132.28.
Everything being equal, the currency exchange rate is likely to decline further south until it finds three sets of support level. Namely, the 55-, 100-, and the 200– hour SMAs.