EUR/JPY breakout occurs

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%50%-7.5%
Shorts53%50%6.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇘

[ANNOUNCE]The Eurozone single currency surged by 101 basis points or 0.85% against the Japanese Yen on Friday. The currency pair breached the upper boundary of an ascending channel pattern during Friday's trading session. [/ANNOUNCE]

Technical indicators suggest that the exchange rate could continue to edge higher during the following trading session. Bullish traders could target the 120.50 level today.

However, the EUR/JPY currency exchange rate has to surpass the psychological line at 120.00 before reaching the given target.

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