| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 49% | -0.5% |
| Shorts | 51% | 51% | 0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Neutral | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The common European currency declined by 94 basis points or 0.75% against the Japanese Yen on Tuesday. The currency pair tested the lower boundary of a descending channel pattern at 124.65 on Wednesday morning.
All things being equal, the exchange rate could continue to edge lower during the following trading session. A breakout through the lower boundary of a descending channel pattern could occur.
However, if the channel pattern holds, bullish traders are likely to pressure the currency exchange rate towards the 125.40 level within this session.