EUR/JPY Bulls market

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

Positions Today Yesterday % Change
Longs 41% 36% 12.20%
Shorts 59% 64% -8.47%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Buy
Alligator (13; 8; 5) Neutral Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The common European currency continues its bullish path. By 14:00 GMT, the pair already moved past the 23.60% Fibonacci retracement level and headed upwards to book a new high. The retracement can be measured with the low of 133.08 and the high of 136.62. 

However, initially the pair was heading to test the previous high level which was located near the 136 mark. 


The bullish movement is likely to find resistance at the weekly R1 at 136.02. If this resistance will be able to hold, there should be a brief retracement south.

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