EUR/JPY remains near monthly R3

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

 Positions Today Yesterday Change
 Longs 59% 54% 8.5%
 Shorts 41% 46% -12.2%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Sell Neutral Neutral
 Stochastic(5;3;3) Sell Sell Neutral
 Alligator(13;8;5) Buy Buy Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

Upside risks dominated the common European currency against the against the Japanese Yen on Thursday. The exchange rate rose by about 100 base points during Thursday's trading session. 

The currency pair is currently trading near a resistance level formed by the monthly R3 at 127.25. If this resistance line holds, a pullback towards the 126.60 mark could be expected within this session.

On the other hand, if the currency exchange rate passes the monthly R3 at 127.25, the next target for bullish traders will be a December 2018 high level at 129.00.

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