EUR/JPY books a two-week high

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 44% 41% 6.82%
Shorts 56% 59% -5.36%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Neutral Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The common European currency showed some volatility against the Japanese Yen on Monday, as bulls traders ended the session with 63 base point or 0.49%profit.

This high volatility continued on Tuesday, as bulls erased all the gains made by bears during the previous trading sessions. Furthermore, the currency pair booked a two-week high level by the middle of the European session.

Technical sentiment suggests the currency exchange rate is located in the overbought zone. Therefore, a brief retracement down could be expected within this trading session.  

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