EUR/JPY could make brief pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs67%74%-10.3%
Shorts33%26%21.2%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuySellBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuySellBuy
Aggregate

The Eurozone single currency rose by 230 pips or 1.87% against the Japanese Yen on Monday. The currency pair tested the 125.00 level during yesterday's trading session.

Technical indicators flash buying signals on the 4-hour time frame chart. Most likely, bullish traders could continue to drive the exchange rate higher during the following trading session.

On the other hand, the EUR/JPY currency exchange rate might make a brief retracement towards the 50– hour moving average support level at 123.45 within this 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.