EUR/JPY aims for 200-hour SMA

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%60%-4.0%
Shorts42%40%5.4%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralNeutralSell
SAR(0.02;0.2)BuySellBuy
Aggregate

The Eurozone single currency appreciated about 0.60% in values against the Japanese Yen on Tuesday. The currency pair tested the upper boundary the newly formed ascending channel pattern at 125.73 during Tuesday's trading session.

The exchange rate breached a support level formed by the weekly pivot point at 125.52 during the European session on Wednesday.

As for the near future, it is likely that the currency exchange rate aims for the 200-hour simple moving average at 125.97 within this session.  



Meanwhile, technical indicators demonstrate that the EUR/JPY could trade sideways today.

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