EUR/JPY upside potential still likely

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs68%70%-3.2%
Shorts32%30%6.7%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate

The single European currency has appreciated about 0.93% in value against the Japanese Yen since October 9. The currency pair reversed from the support level at 117.60 during the morning hours of Thursday's trading session.

By and large, the exchange rate would most likely continue its upward movement during the next trading session. Bullish traders might aim for the weekly R2 at 118.64.

If the weekly R2 holds, the EUR/JPY currency exchange rate will make a brief downside retracement in the nearest future.

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.