| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 58% | -11.7% |
| Shorts | 48% | 42% | 12.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency appreciated about 90 basis points against the Japanese Yen on Thursday. The currency pair tested the upper boundary of a descending channel pattern at 121.06 during yesterday's trading session.
The exchange rate is currently trading between the 50– and 100– hours SMAs near the 120.80/120.68 area.
By and large, the currency exchange rate will likely continue to gain strength with this session. The potential target will be at the 121.39 region.
However, the EUR/JPY pair will have to surpass the descending channel pattern before reaching the prediction.