Positions | Today | Yesterday | % Change | |
Longs | 57% | 43% | 24.56% | |
Shorts | 43% | 57% | -32.56% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Sell | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇑ | ⇗ |
The EUR/JPY had finally chosen a path for future direction. In line with expectations, the rate made a breakout in the upward direction and successfully crossed the upper trend-line of a descending channel. The surge was strong enough to let the pair reach the weekly R1 at 124.96. A release of German fundamental data today allows assuming that surge is going to continue. A change of the direction might happen near the upper boundary of a new ascending channel, which is additionally supported by the weekly R2 at 125.36. On the other hand, the pair hasn't crossed the above R1 yet. Such sudden stop suggests that a rebound might happen as well. In this case, the rate might retreat to the bottom boundary of the short-term ascending channel near the 124.75 mark.