| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 55% | 2.5% |
| Shorts | 43% | 45% | -3.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
Bullish sentiment dominated the common European currency against the Japanese Yen on Monday. As a result, the currency pair gained about 62 base points during yesterday's trading session.
The 50-hour simple moving average was providing support for the exchange rate during the first part of today's session.
If the support level formed by the 50-hour SMA holds, bulls could drive the EUR/JPY currency exchange rate towards a weekly resistance line at 125.73.
Although, if the pair passes the 50-hour SMA, the next downside target will be near the monthly pivot point at 125.17.