| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 75% | 74% | 1.0% |
| Shorts | 25% | 26% | -2.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The single European currency depreciated about 56 base points against the Japanese Yen on Wednesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.
Currently, the 200-hour simple moving average is providing support for the exchange rate at 122.15.
If this support level holds, a surge towards the 123.20 regions could be expected during the following trading session.
However, if the pair passes the 200-hour SMA, a potential breakout through the bottom border of an ascending channel pattern is likely to occur today.