Positions | Today | Yesterday | Change |
Longs | 57% | 59% | -3.5% |
Shorts | 43% | 41% | 4.7% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Sell | Sell | Neutral |
Stochastic(5;3;3) | Neutral | Sell | Neutral |
Alligator(13;8;5) | Buy | Buy | Sell |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇒ | ⇘ |
The Eurozone single currency appreciated about 88 base points against the Japanese Yen on Friday. The exchange rate was guided by the 50-hour simple moving average during the previous trading session.
Monday's trading session began with bearish momentum. By the middle of the trading day, the currency pair has breached a support level formed by the 50-hour SMA at 126.96.
If the currency exchange rate passes the weekly pivot point t 126.70, the next target for bearish traders will be near the 100-hour SMA at 126.46.
However, if the weekly PP holds, the EUR/JPY pair will continue to maintain the junior ascending channel pattern within this session.