| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 47% | 18.1% |
| Shorts | 43% | 53% | -24.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Downside risks have continued to pressure the common European currency lower against the Japanese Yen. The currency pair declined by 185 pips or 1.54% in value during Friday's trading session.
The exchange rate made a U-turn from the lower boundary of a descending channel pattern during the morning hours of Monday's session. As a result, the pair breached a resistance cluster formed by the weekly and the monthly PPs at 119.64. The potential target will be at the upper border of the channel pattern at 120.91.
However, the 50-, 100– and 200– hour SMAs at the 120.15 area could provide resistance for the currency exchange rate within this session.