EUR/JPY Formed triangle

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

Positions Today Yesterday % Change
Longs 33% 35% -6.06%
Shorts 67% 65% 2.99%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The common European currency is slowly gaining ground against the Japanese Yen. The pair has breached the 23.60% Fibonacci retracement level during the closing hour of Thursday's trading session. The retracement can be measured with the high of 136.62 and the low of 133.08. 

By the middle of Friday's trading session, the combination of 55—hour, 100—hour and 200—hour SMAs was providing support near the 135.63 mark. 

Regarding the short-term future, a new pattern has been drawn and a triangle is formed. If the pair moves past the triangle, it is likely to find resistance at 136.91 level.

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