EUR/JPY targets at 131.64

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

Positions Today Yesterday % Change
Longs 38% 40% -5.26%
Shorts 62% 60% 3.23%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

No significant changes occurred to the single European currency against the Japanese Yen on Wednesday. The currency pair traded along the 50-hour simple moving average at 131.12.

Everything being equal, the EUR/JPY currency pair could target a resistance cluster formed by the combination of the weekly and the monthly pivot points near the 131.64 within this session.

If the currency exchange rate passes the resistance cluster as mentioned earlier, a potential breakout through the upper boundary of a two-week ascending channel could be expected during the following trading sessions.

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