EUR/JPY bounces off support

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





PositionsTodayYesterdayChange
Longs53%54%-1.6%
Shorts47%46%1.7%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇒



[ANNOUNCE]The 50– hour simple moving guided the Eurozone single currency against the Japanese Yen on Monday. The currency pair made about 65 basis points move or 0.52% during yesterday's trading session.[/ANNOUNCE]

The exchange rate bounced off from a support cluster formed by the 50– and 100– hour SMAs at 124.46. Most likely, the EUR/JPY pair could edge higher within this session. A breakout through the upper boundary of an ascending channel pattern might occur.

However, if the channel pattern holds, a decline towards the weekly pivot point at 124.02 could be expected today.

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