EUR/JPY break strong resistance cluster

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

Positions Today Yesterday % Change
Longs 41% 37% 9.76%
Shorts 59% 63% -6.78%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇗ ⇒

[ANNOUNCE]On Monday it was expected that the common European currency will begin a decline against the Japanese Yen once the pair reaches the resistance cluster near the 132.50 mark.[/ANNOUNCE]

Instead the surge, which was thought to be only short lived, has passed the resistance of three SMAs, upper trend line of a medium descending pattern and a weekly PP.  

By the middle of Tuesday's trading it could have been observed that the rate faced a long term resistance line at the 133.00 level. If it gets passed, the 133.50 mark will be targeted next.

Actual Topics