| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 54% | -5.9% |
| Shorts | 49% | 46% | 6.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
A junior descending channel pattern has guided the common European currency lower against the Japanese Yen. The currency pair reached a two-week low during yesterday's trading session.
The exchange rate was trading near the upper boundary of the junior descending channel at 126.33 and could be set for a breakout.
If this breakout occurs, the currency exchange rate will aim for a resistance cluster formed by the 100-hour simple moving average and the weekly pivot point at 126.74.
However, the 50-hour SMA at 126.46 could provide resistance for the EUR/JPY pair within this session.