EUR/JPY reaches new heights

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

Positions Today Yesterday % Change
Longs 38% 39% -2.63%
Shorts 62% 61% 1.61%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

During the first half of Friday's trading session the common European currency continued to trade against the Japanese Yen as forecasted by Dukascopy analysts. The rate has reached above the 129.50 mark during the early hours of the day's trading.

In accordance with the technical situation the pair is set to continue to surge until it reaches the upper trend line of the long term descending channel pattern near the 129.60 mark. It is highly possible that it will occur by the end of this weeks trading. 

However, an important fundamental event is about to occur. Mario Draghi is set to speak publicly at the Jackson Hole symposium at 19:00 GMT. Although, the ECB President has had a rather bullish effect on the Euro in the recent history.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.