Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 48% | 55% | -14.1% |
Shorts | 52% | 45% | 13.1% |
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 | Buy |
Aggregate | ⇗ | ⇗ | ⇒ |
During Friday's trading session, the common European currency depreciated about 42 base points against the Japanese Yen. The decline was stopped by a support level formed by the 50-hour simple moving average at 126.15.
As for the near future, it is likely that the currency exchange rate maintains a junior ascending channel pattern. The potential upside target will be near the upper boundary of the channel at 127.08.
However, the EUR/JPY currency pair could reverse from the current level at 126.54 and aim for the 100-hour SMA at 126.03 during the following trading session.