EUR/JPY above 129.00 mark

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

Positions Today Yesterday % Change
Longs 39% 36% 7.69%
Shorts 61% 64% -4.92%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The common European currency trades against the Japanese Yen as expected. The currency exchange rate has finally found support in the lower trend line of the medium term ascending channel pattern and surged to trade above the 129.00 mark.

In addition, another development has taken place. The borders of a short term ascending pattern were spotted on Thursday. However, it might be too late to take advantage of the finding. 

All in all, it can be expected that the currency exchange rate will continue the surge in the upcoming trading sessions, reveal a new short term ascending pattern and reach for the upper trend line of the dominant channel down pattern.

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