EUR/JPY trades near 131.75

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

Positions Today Yesterday % Change
Longs 40% 40% 0.00%
Shorts 60% 60% 0.00%
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 Buy Sell
Aggregate

The common European currency appreciated by 105 base points against the Japanese Yen on Tuesday. The currency pair was guided higher by the 50-hour simple moving average.

The exchange rate was located near a resistance cluster formed by the combination of the weekly and the monthly pivot points at 131.64 during the first part of Wednesday's session.

If the resistance level holds, the EUR/JPY currency exchange rate could make a temporary retracement down towards a support line set by the 50-hour SMA at 131.00 within this session.

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