| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 69% | 65% | 5.8% |
| Shorts | 31% | 35% | -13.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Sell | Buy |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The common European currency has surged by 102 basis points or 0.83% against the Japanese Yen since yesterday's trading session. A breakout occurred through the 123.20 level on Tuesday morning.
Given that a breakout has occurred from the consolidated zones, bullish traders are likely to pressure the exchange rate higher within this session. The potential target would be at the 123.80 area.
However, a resistance level formed by the upper boundary of a descending channel pattern could provide resistance for the currency exchange rate during the following trading session.