EUR/JPY bullish today

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 32% 25% 21.88%
Shorts 68% 75% -10.29%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Bulls managed to regain some of its lost positions yesterday, as the rate bounced off the lower boundary of an ascending trend line and made a breakout. The exchange rate breached the up border of a downtrend channel during the early hours of Friday's trading session.

After piercing through the 200-hour simple moving average at 128.45, the currency pair pullback.

Everything being equal, the EUR/JPY currency exchange rate is likely to depreciate further south within this session toward a support cluster formed by the combination of the 55– and 100-hour SMAs near the 127.71 mark.

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