| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 54% | -3.2% |
| Shorts | 48% | 46% | 3.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/JPY currency pair depreciated about 0.53% in value during yesterday's trading session. The currency pair tested the bottom border of an ascending channel pattern at 120.51 during the Asian session on Wednesday.
From a theoretical perspective, some upside potential could likely prevail in the market today. In this scenario, the common European currency could target the 121.50 area.
However, a resistance cluster formed by the 50– and 100– hour simple moving averages at 120.89 could hinder bulls from driving the currency exchange rate up within the following trading session.