EUR/JPY buying signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs66%67%-2.7%
Shorts35%33%5.2%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyNeutralBuy
Aggregate⇗⇗⇒

[ANNOUNCE]The common European currency traded sideways against the Japanese Yen on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.[/ANNOUNCE]

Most likely, the EUR/JPY exchange rate could edge higher within the following trading session. A breakout through the upper boundary of an ascending channel pattern might occur.

However, a resistance cluster near the 125.00 level could provide a barrier for bullish traders during the following trading hours.

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