EUR/JPY acting as expected

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

Positions Today Yesterday % Change
Longs 51% 47% 7.84%
Shorts 49% 53% -8.16%
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) Buy Buy Sell
Aggregate

The recently discovered now dominant channel up pattern on the EUR/JPY currency pair's charts has been once more confirmed. Moreover, the expected decline of Tuesday occurred exactly as forecast by our analysts. 

However, let us concentrate on the future. The currency pair has surged after the confirmation of the dominant channel's support and broken the previously active descending junior pattern. Although, the surge had ended by the middle of Wednesday, as the rate had bounced off the previous high levels.

In regards to the near future, Dukascopy analysts expect the pair to reveal a new junior ascending pattern.

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