EUR/JPY supports by SMAs

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

Positions Today Yesterday % Change
Longs 50% 46% 8.00%
Shorts 50% 54% -8.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Upside risks dominated the common European currency against the Japanese Yen on Thursday. The EUR/JPY currency pair tested the 200-hour simple moving average at 128.95 during the end of yesterday's session.

The exchange rate was trading near above a support cluster formed by the 50– and 100-hour SMAs at 128.40 during the morning hours of Friday's trading session.

If this support level as mentioned earlier holds, the currency exchange rate will target the weekly R1 at 129.90 during the following trading session.

However, technical indicators suggest otherwise. Its flashes bearish signals today.

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