| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 61% | 61% | 0.7% |
| Shorts | 39% | 39% | -1.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
During yesterday's trading session, the common European currency declined by 47 pips or 0.39% in value against the Japanese Yen. The currency pair broke the monthly S1 at 118.98 on Tuesday.
Currently, the exchange rate is trading near a resistance cluster formed by the 50– and 100– hour SMAs at the 118.98 area.
If the resistance cluster holds, the EUR/JPY pair will most likely continue to edge lower within this session.
However, if the currency exchange rate breaks the 50– and 100– hour SMAs, a surge towards the 119.60 mark could be expected today.