EUR/JPY breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs55%53%3.8%
Shorts45%47%-4.6%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Upside risks dominated the common European currency against the Japanese Yen on Tuesday. The currency pair surged by 141 pips or 1.13% during yesterday's trading session.

Given that a breakout had occurred, the exchange rate could continue to edge higher during the following trading session. The potential target for the EUR/JPY pair would be at the 127.00 level.

However, the currency exchange rate might make a brief retracement towards the 125.50 area within this session.

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