EUR/JPY updates record at 128.95

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

Positions Today Yesterday % Change
Longs 32% 37% -15.63%
Shorts 68% 63% 7.35%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

In line with expectations, the EUR/JPY made a breakout from an ascending triangle upwards and began Tuesday trading session above the 128.65 mark. Afterwards, the currency rate did not continue the surge, but fell to the closest combined support level formed by the bottom trend-line of an ascending channel, the 100-hour SMA and the 2016 high level at 128.18. By the middle of the day, the pair has bounced off from it and made an unsuccessful attempt to approach the 20-hour SMA at 128.68. In the meantime, the latest movement of the rate indicates on formation of a new junior channel up, whose support line coincides with the bottom edge of the senior pattern. For this reason, the fall below this dual boundary is unlikely. However, if it happens, the pair will face no sizable obstacles until the weekly PP at 127.25.

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