| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 59% | -9.8% |
| Shorts | 46% | 41% | 11.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The single European currency has surged by 50 basis points against the Japanese Yen since Friday's trading session. The 50- hour simple moving average guided the currency pair during last week's trading sessions.
Everything being equal, the EUR/JPY exchange rate will likely continue to edge higher within this session. The potential target for bullish traders would be near the weekly R1 at 122.32.
A potential downside reversal could occur from the weekly R1, as mentioned above, during the following trading session.