| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 59% | 7.5% |
| Shorts | 36% | 41% | -13.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Sell | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Neutral | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The common European currency declined by 51 pips or 0.42% against the Japanese Yen on Wednesday. The currency pair tested the lower line of a descending channel pattern at 122.64 during the Asian session on Thursday.
Given that the exchange rate has bounced off the bottom border of the channel pattern, a surge towards the 123.40 level could be expected during the following trading session.
However, a resistance level at 123.20 area could provide a barrier for bullish traders within this session.