| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 38% | 3.4% |
| Shorts | 61% | 62% | -2.2% |
| 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) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Neutral | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
During the first half of Wednesday's trading session, the common European currency declined by 35 pips or 0.28% against the Japanese Yen. However, the currency pair rebounded at the end of the day.
Technical indicators suggest buying signals on the daily time-frame chart. Most likely, the exchange rate could edge higher during the following trading session. The potential upside target for the EUR/JPY pair would be near the 127.40 area.
Though, a resistance cluster formed by the 100– hour simple moving average and the weekly pivot point at 126.66 could provide resistance for the currency exchange rate today.