EUR/JPY breaks resistance level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%53%-2.5%
Shorts48%47%2.6%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuyBuySell
Aggregate

The common European currency rose by 26 pips or 0.20% against the Japanese Yen on Monday. The currency pair breached the resistance line at 129.65 during Monday's trading session.

Given that a breakout has occurred from the resistance level at 129.65, bullish traders are likely to continue to drive the EUR/JPY pair higher during the following trading session.

However, the currency exchange rate could encounter resistance near the psychological level at 130.00 within this session.

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