EUR/JPY fails to move past 132.20

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

Positions Today Yesterday % Change
Longs 42% 34% 19.05%
Shorts 58% 66% -13.79%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Following a 45-pip surge mid-Wednesday, the common European currency did not lose its upside momentum and thus managed to surge up to the 133.23 mark—a level that had already provided an unbreakable resistance last week.  

Even though there is still some potential up to the junior channel line circa 134.00, it might not be realised in the following 24 hours due to slightly bearish technical indicators. 

This decline is likely to reverse near 132.50, as this area is strengthened by the combined support of the weekly PP and the 55– and 200-hour SMAs. In this case, the Euro could be located circa 133.00 by mid-Friday. 

However, if the bullish sentiment takes the upper hand, the upside target could be the weekly and monthly R1s circa 134.00.

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