EUR/JPY resistance is spotted

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

Positions Today Yesterday % Change
Longs 49% 51% -4.08%
Shorts 51% 49% 3.92%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Euro has booked a new high level against the Japanese Yen. This event was expected.  

However, Dukascopy Analysts initially expected the rate to reach for the 133.17 mark before retreating. Instead the pair has revealed a resistance line, which can be seen by connecting the recent high levels. 

Meanwhile, the pair is still expected to reach the weekly R1 at the 133.17 level. The reason for that is that the pair will still be pushed higher by the 55 and 100-hour simple moving averages.

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