EUR/JPY bullish sentiment

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

Positions Today Yesterday % Change
Longs 43% 44% -2.33%
Shorts 57% 56% 1.75%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Upside risks prevailed in the market on Tuesday and thus allowing the single European currency to strengthened by 144 base points against the Japanese Yen. This made the exchange rate breached some significant resistance levels. Namely, the weekly and the monthly pivot points and the combination of the 55-, 100-, and 200-hour SMAs.

By the end of Tuesday's trading session, the currency pair has reached a two-week high level at 131.12.

Given that the three simple moving averages are located below the price, the currency exchange rate could continue moving in the ascending channel during the following trading session.

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