EUR/JPY consolidates

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

Positions Today Yesterday % Change
Longs 50% 47% 6.00%
Shorts 50% 53% -6.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

As predicted, the 23.60% Fibonacci retracement level held firm on Wednesday and the 130.40 mark was breached during the end of the trading session. The currency pair also tested the upper boundary of a dominant descending channel during the surge.

The exchange rate consolidated above a resistance cluster during the Asian session on Thursday, as bull and bear traders were indecisive about the direction they might be targeting.

Technical indicators on the daily time-frame demonstrate that the bullish  movements are likely to continue within this session.

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