EUR/JPY bulls market

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

Positions Today Yesterday % Change
Longs 58% 51% 12.07%
Shorts 42% 49% -16.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Bulls continue to dominate the Eurozone single currency versus the Japanese Yen during the previous session. The pair rose above the 55-, 100-, and 200-hour SMAs on Tuesday and has since been trading above this cluster. The common European currency tested the upper boundary of a junior ascending channel towards the end of the trading session on Tuesday.

After testing the upper border of the ascending channel, the currency pair made a brief retracement down.

Everything being equal, it is likely that the EUR/JPY currency exchange rate continues to maintain the junior ascending channel during the following trading session.  

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