EUR/JPY trade above 130.93

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

Positions Today Yesterday % Change
Longs 33% 36% -9.09%
Shorts 67% 64% 4.48%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇒ ⇗ ⇘

[ANNOUNCE]On Thursday the direction of the common European currency against the Japanese Yen was finally revealed. A new junior ascending channel was spotted and mapped on the 1H trading chart.[/ANNOUNCE]

The currency pair bounced off the bottom boundary of the uptrend channel during the middle of Wednesday trading session, and as a result, the rate breached the 55-hour simple moving average and a resistance cluster set by the combination of the weekly and the monthly PPs near the 130.93 mark.

Given that the EUR/JPY currency exchange rate has moved closer to the upper boundary of an ascending trendline, a breakout could be expected during the following trading session.

Actual Topics