EUR/JPY breakout from SMAs

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

Positions Today Yesterday % Change
Longs 45% 43% 4.44%
Shorts 55% 57% -3.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The common European currency was pressured by bearish sentiment on Wednesday as a result, the currency pair breached both the 55– and the 100– hour simple moving averages.

During the European trading session on Thursday, the exchange rate has also breached the weekly pivot point at 131.99. This might be a corrective move south in correspondent with the junior ascending channel. 

Everything being equal, it is likely that the EUR/JPY currency exchange rate continues to fall until it finds support set by the 200– hour SMA near the 131.38 regions.

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