| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 50% | 2.6% |
| Shorts | 49% | 50% | -2.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The 200– hour simple moving average provided resistance for the EUR/JPY currency pair on Tuesday. As a result, the Eurozone single currency declined by 85 pips or 0.65% against the Japanese Yen.
Technical indicators suggest selling signals on the 4H and daily time-frame charts. The exchange rate is likely to continue to decline in a descending channel pattern during the following trading session.
However, the EUR/JPY currency exchange rate might reverse from a support level formed by the weekly S1 at 129.62 within Wednesday's trading session.