| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 53% | 50% | 5.3% |
| Shorts | 47% | 50% | -5.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
On Wednesday, the common European currency declined by 71 pips or 0.54% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
Given that a breakout has occurred, bears could continue to pressure the exchange rate lower during the following trading session. The potential target for the EUR/JPY pair would be near the 129.00 area.
However, a support line at 129.40 could provide support for the currency exchange rate within this session.