Positions | Today | Yesterday | Change |
Longs | 46% | 57% | -23.9% |
Shorts | 54% | 43% | 20.4% |
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) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇗ | ⇘ |
The single European currency depreciated about 91 base points against the Japanese Yen on Monday. The decline was stopped by a support level formed by the 100-hour simple moving average at 126.50 during yesterday's trading session.
The currency pair tested a support cluster formed by the weekly PP and the 100-hour SMA at 126.68 during the first half of today's trading session.
If this support cluster holds, the exchange rate will aim at a swing high of 127.15 within this session.
On the other hand, if the EUR/JPY currency exchange rate passes the support cluster as mentioned above, the next target for bearish traders will be near the 200-hour SMA at 126.20.