Positions | Today | Yesterday | % Change | |
Longs | 53% | 49% | 7.55% | |
Shorts | 47% | 51% | -8.51% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Buy | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇘ |
The Eurozone single currency remained stable against the Japanese Yen on Wednesday, as the currency pair was trading with low volatility. Also, the pair breached the 55-hour simple moving average at 126.12.
After hitting the monthly pivot point at 126.83 during the previous session, the exchange rate made a U-turn south. However, the decline was stopped by a double bottom support level at 125.80.
Everything being equal, it is likely that the EUR/JPY currency exchange rate continue moving down along the junior descending channel during the following trading session.