EUR/JPY breakout occurs

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

Positions Today Yesterday % Change
Longs 52% 47% 9.62%
Shorts 48% 53% -10.42%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The single European currency appreciated about 100 base points against the Japanese Yen on Wednesday. The currency pair dashed through a resistance cluster formed by the weekly and the monthly PPs at 128.95 during the end of yesterday's session.

The exchange rate broke a medium-term triangle pattern during Wednesday's trading session.

Given that a breakout had occurred, the next target for the currency exchange rate will be at a swing high of 130.17.

However, a brief pullback towards the three SMAs at 128.56 is expected within this session.

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