EUR/JPY could maintain channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%29%-4.3%
Shorts72%71%1.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellSell
Stochastic(5;3;3)NeutralSellSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇒⇒

[ANNOUNCE]The EUR/JPY exchange rate maintained the narrow ascending channel pattern during yesterday's trading session. The currency pair made about 35 pips or 028% move during Thursday's trading session.[/ANNOUNCE]

Currently, the exchange rate is trading near the lower boundary of the narrow ascending channel and could be set for a breakout.

If the breakout occurs, a decline towards the 131.00 level could be expected within this session.

However, if the channel pattern holds, bullish traders could target the weekly resistance level at 132.48 today.

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