EUR/JPY moving towards psychological resistance level

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

Positions Today Yesterday % Change
Longs 46% 47% -2.17%
Shorts 54% 53% 1.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The common European currency appreciated about 54 base points against the Japanese Yen on Monday. The currency pair has reversed a new junior ascending channel pattern.

The exchange rate breached both the 200-hour simple moving average at 128.58 and the monthly pivot point at 128.71 during the morning hours of Monday's trading session.

Everything being equal, it is likely that the EUR/JPY currency exchange rate aim for the upper boundary of a descending trendline at 129.00 during the following trading session.

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