EUR/JPY bullish sentiment today

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 0% 52% #DIV/0!
Shorts 100% 48% 52.00%
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) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The single European currency appreciated about 67 base points against the Japanese Yen on Monday. The surge was briefly stopped by the 50– and 100-hour SMAs at 129.80.

Today's session begins with a bullish momentum, as a result, the currency pair dashed through the SMAs as mentioned above. Currently, the rate is trading near a resistance level formed by the weekly PP at 130.07.

As for the near future, it is likely that the EUR/JPY currency exchange rate makes a temporary retracement south towards the 129.50 regions during the following trading session.

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