Positions | Today | Yesterday | % Change | |
Longs | 61% | 59% | 3.28% | |
Shorts | 39% | 41% | -5.13% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | 0 | 0 | 0 | |
RSI (14) | 4H | 1D | 1W | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇒ | ⇘ | ⇒ |
The single European currency depreciated about 76 base points against the Japanese Yen on Friday. The currency pair breached a support cluster formed by the combination of the weekly and the monthly PPs at 124.34 during Friday's trading session.
Today's session began with a bearish momentum, and by the middle of the European trading session, the exchange rate has dashed through the 200-hour SMA at 124.10.
By and large, it is likely that the currency exchange rate continues to edge lower and potentially aim for a support level at 123.62 during the following trading hours.