EUR/JPY breaches several support levels

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

Positions Today Yesterday % Change
Longs 25% 27% -8.00%
Shorts 75% 73% 2.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral 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 common European currency was demonstrating high volatility against the Yen during the previous 24 hours. It failed to move past the 55-hour SMA late on Wednesday and thus managed to push up to the 135.50 area early today.  

The second try to breach this line was successful, as it was boosted by a strong hourly plunge mid-session. As a result, the Euro also dashed through the 100-hour SMA and a previously-existing trend-line circa 135.00. 

It is likely that the given falls down to the 200-hour SMA and even hinders near this line for several hours. However, the general direction during the following session should be north towards the 55-hour SMA or the 2016/2017 high at 135.34 and 135.60, respectively.

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