EUR/JPY rally continues

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

Positions Today Yesterday % Change
Longs 42% 40% 4.76%
Shorts 58% 60% -3.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The EUR/JPY currency pair has continued to be maintaining the junior ascending channel. The pair is slowly moving north toward the upper boundary of the aforementioned pattern.

After piercing the 38.20% Fibonacci retracement level during the end of Wednesday's trading session, the Euro made a U-turn north. This retracement can be measured by connecting the low at 128.96 and the March 27 high at 131.82, where the 0.00% level is the high and the 100.00% is the March 23 low.

As for near future, the currency exchange rate is likely to continue moving north until encounters a resistance set by the monthly pivot point at 132.54.

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