EUR/JPY stranded between SMAs

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

Positions Today Yesterday % Change
Longs 33% 36% -9.09%
Shorts 67% 64% 4.48%
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 previously described scenario on Friday, February 2, did not come into reality. Although there was a breakout from the junior channel, as analyzed, but to the opposite direction.  

By the end of the European trading session on Monday, the pair was stranded between SMAs. The 55—hour SMA was providing resistance at 136.90, and the 100—hour SMA was giving support at 136.22.  

Regarding the near future, the bulls are likely to take over the pair. Technical indicators are in favor of the price movement to be bullish.

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