EUR/JPY breakout from SMAs

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

Positions Today Yesterday % Change
Longs 47% 46% 2.13%
Shorts 53% 54% -1.89%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The common European currency has stopped its decline against the Japanese Yen. The currency pair is gradually moving north and could form a new pattern during the following days.

The EUR/JPY exchange rate has breached both the 55– and 100– hour simple moving averages and also breached the weekly pivot point near 130.03. However, the 200– hour SMA was resisting the pair for a push higher during the European trading session.

Everything being equal, it is likely the currency exchange rate could continue heading north until it reaches the upper boundary of a channel down.

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