EUR/JPY aims for weekly R1 at 133.61

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

Positions Today Yesterday % Change
Longs 37% 36% 2.70%
Shorts 63% 64% -1.59%
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 Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Downside risks dominated the EUR/JPY currency pair on Monday. The currency pair reached the 55-hour SMA at 132.35.  

Currently, the exchange rate is trading near the psychological level at 132.50. From the theoretical point of view, the price could continue going up towards the weekly R1 at the 133.61 mark. 

It is unlikely that the pair could breach a short-term ascending channel and go downside due to the support cluster formed by a combination of the weekly PP, the monthly R1, and the 100-hour SMA near 131.80 .

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