EUR/JPY trades above 129.49

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

Positions Today Yesterday % Change
Longs 43% 38% 11.63%
Shorts 57% 62% -8.77%
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) Buy Buy Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

A one-week junior ascending channel has guided the movement of the Eurozone single currency against the Japanese yen. The currency pair bounced off its lower boundary on September 10 followed by a short-term upside wave.

The overall positioning of the exchange rate could change today due to outside pressure. Namely, the European Main Refinancing rate and the ECB Press Conference data releases scheduled at 11:45 and 12:30 GMT.

If the EUR/JPY currency exchange rate maintains the technical analysis prediction, the potential targets for the pair could be near the psychological mark at 130.00 during the following trading session. 

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