EUR/JPY unchanged on Monday

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 49% 56% -14.29%
Shorts 51% 44% 13.73%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

This trading session has brought no changes to the pair's direction sideways. The Euro continues to trade in a small range, fluctuating around the 20-, 55– and 100-hour SMAs. As there are no fundamentals today that may disrupt this motion, it is expected that the rate may remain in the 123.23/77 range, taking the upper and lower Bollinger band as possible guidelines restricting the pair. It is likely that the Euro forms a more distinctive move either to the upside or downside soon; however, it is rather unclear which direction is set to prevail. It is still trading below the 200-hour SMA; other technical indicators are likewise mildly bearish on the pair. On the other hand, the rate may move above the 200-hour SMA to complete a wave up in order to test the upper channel boundary near the 124.60 area.

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