EUR/JPY breaches resistance cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%58%-3.3%
Shorts43%42%4.2%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellBuy
Aggregate

During the past 24 hours, the single European currency has appreciated about 90 base points against the Japanese Yen. The currency pair reached a swing high of 125.04 during yesterday's trading session.

Given that the exchange rate has breached a resistance cluster at 125.17, it is likely that the pair will aim for the projected target at 125.70 during the following trading session.

However, technical indicators demonstrate that the currency exchange rate will edge lower today.

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