EUR/JPY jumps from 130.43

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 40% 39% 2.50%
Shorts 60% 61% -1.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

In the second half of Friday the common European currency has entered into an 80-pips downfall against the Japanese Yen. Fortunately, the drop was stopped by the lower trend-line of a medium-term ascending channel. In result of the subsequent recovery, the currency pair left a short-term descending channel and broke through a combination of the 55- and 100-hour SMAs. Most likely, the Euro will continue to try to reach the 131.00 level, using the above support as a springboard. On the other hand, the 30-pips jump in the early morning suggests that there is a chance that the pair will, in contrast, slip to the updated weekly PP at 130.43, which is now additionally backed up by the 200-hour SMA. Nevertheless, the fall below this level is unlikely.

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.