EUR/JPY could still edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs59%63%-7.1%
Shorts42%37%10.1%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The common European currency surged by 67 basis points or 0.58% against the Japanese Yen on Thursday. The surged was stopped by the 100– hour simple moving average during Thursday's trading session.

As for today's session, the EUR/JPY exchange rate could continue to edge higher. Bullish traders are likely to aim at the upper line of a dominant descending channel at 116.50.

However, if the currency exchange rate breaks the weekly pivot point at 115.75, a decline towards the 115.20 area could be expected during the following trading session.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.