EUR/JPY in limbo near 134.50 mark

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

Positions Today Yesterday % Change
Longs 41% 36% 12.20%
Shorts 59% 64% -8.47%
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) Buy Buy Buy
Aggregate

The common European currency during the Christmas period has traded almost flat against the Japanese Yen. However, that seems to be at its end, as the pair is getting squeezed by two hourly simple moving averages. 

Namely, the 55-hour SMA is providing resistance while the 100-hourly has just approached from the downside. This move is consistent with the fact that during these few trading days between the holidays some liquidity will return to the markets, which might provide the needed push for the Euro against the Yen.

In general, it can be expected that the pair will move to the upside, as such a move would be consistent with the large scale situation.

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