EUR/JPY erases daily gains

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

Positions Today Yesterday % Change
Longs 27% 32% -18.52%
Shorts 73% 68% 6.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Neutral Sell
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The last trading session of 2017 was dominated by the bullish sentiment. After testing the combined support of the 55– and 100-hour SMAs early in the day, the Euro accelerated against the Yen and shot up to the 135.50 mark. 

As apparent on the chart, the first part of Tuesday was spent in a relatively calm manner, as the pair remained fluctuating around the 134.40 mark. 

Technical signals suggest that the Euro might be tended northwards during the following 24 hours. The nearest resistance is set by the weekly R1 at 136.49. 

Meanwhile, the rate has lingered near the lower boundary of a three-week channel. This could offset the strength of bulls and thus leave the rate with no massive changes until mid-Wednesday.

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