| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 75% | 69% | 7.2% |
| Shorts | 25% | 31% | -21.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has depreciated about 121 base points against the Japanese Yen since Friday's trading session. The currency pair tested the lower boundary of a junior descending channel pattern during the first part of today's trading session.
If the support level formed by the bottom border of the channel pattern holds, a surge towards a resistance cluster formed by the weekly pivot point and the 50-hour simple moving average at 121.56 could be expected within this session.
On the other hand, if the EUR/JPY exchange rate breaks the junior descending channel, the pair might aim for the 120.00 marks in the short-term.