EUR/JPY tests 38.20% Fibo

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

Positions Today Yesterday % Change
Longs 43% 41% 4.65%
Shorts 57% 59% -3.51%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The common European currency depreciated about 113 base points against the Japanese Yen on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during the previous session.

Today's session began with a bullish momentum, and by the middle of the day, the exchange rate has dashed through the 23.60% Fibonacci retracement level at 128.29.

As for the near future, it is likely that the currency exchange rate aim at a resistance cluster formed by the combination of the 50– and 100-hour SMAs and the 50% fibo level at 128.62.

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