EUR/JPY breaches 50-hour SMA

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

 Positions Today Yesterday Change
 Longs 54% 51% 5.6%
 Shorts 46% 49% -6.5%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Buy Neutral Sell
 SAR(0.02;0.2) Buy Sell Sell
 Aggregate

The single European currency has continued to trade sideways against the Japanese Yen. The currency pair trading range during yesterday's session was about 45 base points.

The exchange rate breached the 50-hour simple moving average at 125.73 during the first half of today's session. Most likely, the currency exchange rate will edge higher towards a swing high of 125.95 within this session.

Although, given that the EUR/JPY pair is located near the bottom border of an ascending channel pattern, a breakout could be expected during the following trading session.

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