| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 33% | 30% | 10.0% |
| Shorts | 67% | 70% | -5.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Sell | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The Eurozone single currency declined by 43 pips or 0.34% against the Japanese Yen on Tuesday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.
Wednesday's trading session began with bullish momentum. A breakout occurred through the upper boundary of a descending channel pattern.
Given that a breakout has occurred, bullish traders are likely to continue to drive the exchange rate higher during the following trading session.
However, a resistance level at 126.88 could provide resistance for the currency exchange rate today.