| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 34% | 44% | -29.0% |
| Shorts | 66% | 56% | 15.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | 4H | 1D | 1W |
| RSI(14) | Buy | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The single European currency surged by 91 pips or 0.72% against the Japanese Yen on Friday. The currency pair breached the upper line of an ascending channel pattern during Friday's trading session.
Given that a breakout had occurred, the exchange rate is likely to edge higher during the following trading session. The potential target for the EUR/JPY pair would be near the weekly R1 at 127.73.
However, a resistance line at 127.20 could provide a barrier for bullish traders within this session.