| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 65% | -1.1% |
| Shorts | 36% | 35% | 1.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The single European currency versus the Japanese Yen rebounded from the monthly support level at 117.89 on Monday. As a result, the currency pair surged by 212 basis points or 1.78% in value during yesterday's trading sessions.
As for the near future, the exchange rate will most likely continue to trade bullish. A breakout through the upper boundary of a dominate descending channel pattern could occur.
However, if the dominate descending channel pattern holds, the currency exchange rate could make a brief retracement towards the 119.00 area within the following trading session.