EUR/JPY might reach for 130.00

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

Positions Today Yesterday % Change
Longs 42% 46% -9.52%
Shorts 58% 54% 6.90%
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

The single European currency depreciated about 91 base points against the Japanese Yen on Friday. Moreover, the exchange rate breached the 50-hour simple moving average and also tested the lower boundary of the channel pattern during the end of the previous trading session.  

Regarding the near future, it is likely that the EUR/JPY currency exchange rate will reverse from the bottom border of the junior channel pattern at 130.35 and continues its upward movement in the ascending channel during the following trading session.

On the other hand, it might pass the support and reach for the 130.00 level.  

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