| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 68% | 68% | -0.5% |
| Shorts | 32% | 32% | 1.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
On Friday, the European single currency surged by about 118 basis points against the Japanese Yen. However, after hitting the monthly R1 at 119.90, the currency pair made a U-turn south.
Currently, the exchange rate is near a support level formed by the 50– hour simple moving average at 119.14.
If the support level holds, the EUR/JPY pair will most likely continue its upside movement within this session.
On the other hand, if the currency exchange rate breaches 50– hour SMA, a decline towards the lower line of an ascending trendline could be expected today.