| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 63% | -7.1% |
| Shorts | 42% | 37% | 10.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The common European currency surged by 67 basis points or 0.58% against the Japanese Yen on Thursday. The surged was stopped by the 100– hour simple moving average during Thursday's trading session.
As for today's session, the EUR/JPY exchange rate could continue to edge higher. Bullish traders are likely to aim at the upper line of a dominant descending channel at 116.50.
However, if the currency exchange rate breaks the weekly pivot point at 115.75, a decline towards the 115.20 area could be expected during the following trading session.