| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 58% | 44% | 23.2% |
| Shorts | 42% | 56% | -31.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The common European currency declined by 107 pips or 0.85% against the Japanese Yen on Friday. The currency pair tested the 124.40 level during Friday's trading session.
Given that the exchange rate has bounced off the lower line of a descending channel pattern, bullish traders could attempt to pressure the EUR/JPY pair towards the 100– hour simple moving average at 125.42 within this session.
However, a resistance cluster at 125.22 could provide resistance for the currency exchange rate in the shorter term.