EUR/JPY bouncing between SMAs

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Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 42% 38% 9.52%
Shorts 58% 62% -6.90%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate ⇘ ⇓ ⇗

[ANNOUNCE]Wednesday's trading session was dominated by the bullish sentiment. After testing the combined resistance of the 55– and the 100—hour SMAs early on Thursday, the common European currency retraced briefly.  [/ANNOUNCE]

As shown on the chart, the currency pair remains relatively calm and was gradually moving north during the second part of the European trading session. 

As for near future, the EUR/JPY pair might be tended northwards during the next trading session, and could likely breach the upper boundary of a dominant channel.

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