EUR/JPY remains below 55-hour SMA

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

Positions Today Yesterday % Change
Longs 36% 42% -16.67%
Shorts 64% 58% 9.37%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The common European currency spent all session on Thursday above its previous 2016/2017 peak of 134.50. Thus, a new yearly high was set at 134.86. The pair fell below this level early on Friday and was subsequently limited from above by the 55-hour SMA. 

In general, the pair has demonstrated narrow volatility in this pre-holiday session. In case no significant fundamentals occur, it is likely that the Euro remains relatively stable against the Greenback with a slight tendency northwards. The nearest resistance is set by the weekly R1 at 134.60. The monthly R1 is also located nearby at 135.02. 

In case the bearish sentiment takes over, the combined support of the 100– and 200-hour SMAs and the weekly R1 should limit further losses near 133.50.

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