EUR/JPY moving towards target

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

Positions Today Yesterday % Change
Longs 54% 56% -3.70%
Shorts 46% 44% 4.35%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The single European currency appreciated by 71 base points against the Japanese Yen on Monday. A breakout through the upper boundary of a dominant descending channel occurred has predicted by the analyst.

Today's session begins with a bearish sentiment and by the middle of Tuesday's trading session, the currency pair has fallen by 40 base points. Presently, the exchange rate is moving towards a support cluster formed by the 50-hour simple moving average and the monthly PP at the 128.95 region.

If the support level holds, the EUR/JPY currency pair is likely to make a U-turn north within this session.

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