EUR/JPY passes resistance

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

Positions Today Yesterday % Change
Longs 38% 41% -7.89%
Shorts 62% 59% 4.84%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

On Monday, the common European currency passed the resistance of a long term ascending pattern against the Japanese Yen.

By the middle of the day, the pair was set to reconfirm the level of significance as support and face the resistance of the weekly R1, which was located at the 130.35 mark. 

However, the rate's surge is not expected to be large, as the rate might not pass the weekly R1 and trade sideways until the currency exchange rate reaches the upper trend line of a massive scale descending pattern near the 130.40 mark.

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