| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 59% | -11.9% |
| Shorts | 47% | 41% | 13.4% |
| 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 | Neutral | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
On Friday, the common European currency surged by 42 pips or 0.32% against the Japanese Yen. However, buyers encountered resistance at 129.65 during Friday's trading session.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, bullish traders could push the exchange rate past the weekly resistance level at 129.65 within this session.
But, if the resistance line holds, a breakout through the lower boundary of an ascending channel pattern could occur today.