EUR/JPY remains flat

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs64%55%14.0%
Shorts36%45%-25.5%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)SellSellBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

The common European currency versus the Japanese Yen has continued to trade between the range of 123.18/122.60 levels. All things being equal, a breakout is likely to occur during the following trading session.

If the break occurs through the resistance level at 123.20, a surge towards the 200– hour simple moving average at 123.65 could be expected today.

However, technical indicators suggest that bears might pressure the EUR/JPY currency exchange rate lower within this session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.