| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 57% | -0.2% |
| Shorts | 43% | 43% | 0.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The common European currency bounced off from the monthly pivot point at 119.67 against the Japanese Yen on Monday. As a result, the currency pair appreciated about 43 basis points during yesterday's trading session.
All things being equal, the EUR/JPY exchange rate could continue to trade bullish in the shorter term. The pair might target a resistance level formed by the weekly R1 at 120.35.
However, given that the currency exchange rate is trading between 50-, 100– and 200– hour SMAs, it is likely that the pair might trade sideways during the following trading session.