| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 68% | -7.3% |
| Shorts | 36% | 32% | 12.9% |
| 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) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency declined by 68 pips or 0.58% against the Japanese Yen on Wednesday. The decline started after the exchange rate tested the upper boundary of a descending channel pattern at 117.16 during yesterday's trading session.
All things being equal, the currency pair could continue to edge lower. The possible target for the EUR/JPY pair would be at the support cluster formed by the weekly S1 and the monthly S1 at 116.08.
A potential upside reversal could occur from the support cluster, as mentioned above within the following trading session.