PositionsTodayYesterdayChange
Longs73%71%3.6%
Shorts27%29%-9.8%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellSell
Aggregate

Upside risks have dominated the single European currency versus the Japanese Yen since June 21. A breakout occurred through the upper boundary of a descending channel pattern on Friday.

Everything being equal, it is likely that the EUR/JPY currency pair will edge lower today. The potential downside target will be near a support level formed by the 100-hour SMA at 121.60.

If this support level holds, the currency exchange rate will continue its upward swing during the following trading session.

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