EUR/JPY trades indecisively

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 36% 31% 13.89%
Shorts 64% 69% -7.81%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

On Wednesday the direction of the Euro against the Japanese Yen was still unclear due to the pair trading with an increased range of volatility throughout the past two trading sessions.

It was initially thought that the Euro will surge against the Yen in the aftermath of the breaking of a dominant pattern. However, that did not occur, as the currency rate even managed to fall down to the 130.00 mark near midnight.

Due to that reason this is one of the rare cases, where the situation still needs to be monitored, and the chart redrawn after new point of reference are revealed.

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