EUR/JPY breakout occurred

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

Positions Today Yesterday % Change
Longs 41% 42% -2.44%
Shorts 59% 58% 1.69%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

No significant changes were introduced to the EUR/JPY currency pair positioning on Friday, as the rate remained trading along the two weeks junior descending channel. The movement, however, changed during the Asian session on Monday, when bulls took control of the exchange rate and managed to breached the 55– hour simple moving average and also broke out through the upper boundary of a downtrend channel.

Given that the currency exchange rate has breached both the 55– and 100-hour SMAs, the bullish momentum could continue within this session and might target the 200-hour moving average located near the 130.27 mark. Meanwhile, technical sentiment flash bearish signals.

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