EUR/JPY opens near 130.00 on Monday

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 49% 41% 16.33%
Shorts 51% 59% -15.69%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Euro failed to edge higher on the second half of Friday, thus fluctuating in the 129.90/60 area for the remaining trading hours. The expected recovery, however, came this morning when the rate opened way above its closing price, namely, at 130.00 where the weekly and monthly PPs are located. 

The Euro has been stranded between the 100– and 200-hour SMAs for the whole session. Given the relatively uneventful day that did not introduce any significant changes to the overall price level, the aforementioned boundaries might hold until tomorrow morning. 

By and large, the unexpected opening near 130.00 put an end to the rate's down-movement. Thus, it is likely that the pair manages to push even higher until the upper boundary of the short-term channel near the weekly R1 and the 23.6% Fibo.

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