EUR/JPY rebounds near 130.43

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

Positions Today Yesterday % Change
Longs 52% 54% -3.85%
Shorts 48% 46% 4.17%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Contrary to expectations, the currency exchange rate did not bounce off from the upper resistance line of a symmetrical triangle, but, instead, broke through it. In addition, it made one attempt to jump to the weekly R1 at 130.56, but failed. The fact that the pair has encountered a strong resistance barrier is additionally confirmed by the three Williams's fractals. Moreover, this horizontal line might simultaneously represent an upper edge of a newly formed ascending triangle. If this assumption is true, then the pair is expected to gradually slide down to the 129.79 level, where the 55- and 100-hour SMAs are located. However, if the rate continues to move horizontally or to surge, there might be a need to redraw the pattern's support line and make it sharper. In any case, the pair, generally, is projected to move to downwards.

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