| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 42% | 1.3% |
| Shorts | 58% | 59% | -0.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | 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 | ⇘ | ⇗ | ⇒ |
Downside risks have continued to dominate the single European currency against the Japanese Yen since yesterday's trading session. The currency pair has revealed a new junior descending channel pattern.
Today's trading session began with strong bearish momentum, and by the middle of the day, the exchange rate has lost about 1.11% in value.
The currency exchange rate is currently testing a support cluster formed by the weekly and the monthly PPs at 124.98.
If the support cluster is unable to hold, a breakout through the lower boundary of the descending channel pattern is likely to occur within this session.