EUR/JPY trades above 50-hour SMA

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

Positions Today Yesterday % Change
Longs 43% 43% 0.00%
Shorts 57% 57% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Upside risks have dominated the EUR/JPY currency pair since yesterday. The common European currency has gained about 88 base points against the Japanese Yen since Tuesday's session.

Currently, the exchange rate is trading above the 50-hour simple moving average at 129.93. If the support level formed by the 50-hour SMA holds, the pair could move toward the 100-hour moving average at 130.52 within this session.

On the other hand, if the currency exchange rate passes the 50-hour simple moving average, the pair could aim at the weekly S2 at 129.51 during the following trading session.

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