| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 72% | -0.3% |
| Shorts | 28% | 28% | 0.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The common European currency versus the Japanese Yen bounced off the lower boundary of a descending channel pattern at 121.09 on Tuesday. As a result, the currency pair gained about 0.46% in value.
As for the near future, it is likely that the EUR/JPY exchange rate could aim for a resistance level formed by the 50-hour simple moving average at 121.61.
If the 50-hour SMA holds, a decline towards the lower boundary of a descending channel pattern could follow.
On the other hand, if the currency exchange rate passes the resistance line, a surge towards the weekly PP at 122.17 could be today's target for bullish traders.