EUR/JPY guided by simple moving average

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

Positions Today Yesterday % Change
Longs 33% 34% -3.03%
Shorts 67% 66% 1.49%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Sell
Alligator (13; 8; 5) Sell Buy Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The situation on the EUR/JPY exchange rate has not changed much since the last time the pair was reviewed by the Dukascopy Research team. The currency pair remains trading in a descending channel.

After hitting the monthly pivot point at 132.56 the price fell further south. However, the decline has been temporarily stopped by the weekly PP at 131.84. During the last three trading session, the 55– hour simple moving average has directed the rate south.

Everything being equal, the currency exchange rate could make a corrective move north within the next trading session for a re-test of the 55– hour SMA.  

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