EUR/JPY gets close to 130.03

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

Positions Today Yesterday % Change
Longs 32% 30% 6.25%
Shorts 68% 70% -2.94%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

In the first hours of today's trading session an unexpected 50-pip large green candle threw the currency pair out of an ascending channel. The surge continued until the 129.93 mark, which is located slightly below the weekly R1 at 130.03. It is possible that the current advance simply represents a shift of the uptrend to the left. In this case, the above weekly R1 should play the role an insurer that supports the upper trend-line of the modified ascending channel. Accordingly, this combined resistance level should force the currency pair to make a U-turn. However, if the surge continues, the pair will have a possibility to test the strength of the monthly R1 at 130.72.

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