Positions | Today | Yesterday | Change |
Longs | 53% | 49% | 7.5% |
Shorts | 47% | 51% | -8.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Sell |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇗ | ⇘ |
The single European currency appreciated about 85 base points against the Japanese Yen on Monday. The currency pair broke a horizontal channel pattern during yesterday's trading session.
After hitting a swing high of 125.79 on Tuesday morning, the exchange rate started to sink and by the middle of the day, the pair tested the 50-hour simple moving average at 125.75.
By and large, it is likely that the EUR/JPY currency exchange rate aims at the upper boundary of a junior ascending channel pattern at 126.60 during the following trading session.