| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 41% | 41% | 1.5% |
| Shorts | 59% | 59% | -1.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The EUR/JPY currency pair bounced off a support level formed by the 50– hour simple moving average at 131.60 on Thursday. As a result, the common European currency edged higher by 83 pips or 0.63% against the Japanese Yen during yesterday's trading session.
Given that a breakout has occurred through the upper boundary of a descending channel pattern, bulls could continue to drive the exchange rate higher during the following trading session.
However, long traders might encounter resistance near the 132.60 area within Friday's session.