EUR/JPY rate supported by SMA

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

Positions Today Yesterday % Change
Longs 44% 42% 4.55%
Shorts 56% 58% -3.57%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Sell Neutral
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The common European currency has remained stable against the Japanese Yen during the middle of trading day on Friday. The rate was supported by the 200-hour simple moving average.

During the European session, the EUR/JPY pair was bouncing between SMAs. A resistance cluster set by the monthly pivot point with the combination of the 5— and 100– hour SMAs at 131.10 was restricting the pair from making upward move, while the 200– hour SMA was providing support.

As for near future, it is expected for the currency exchange rate to make a corrective move north within this session.

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