EUR/JPY breaches 50-hour SMA

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

Positions Today Yesterday % Change
Longs 62% 57% 8.06%
Shorts 38% 43% -13.16%
Indicator 4H 1D 1W
MACD (12; 26; 9) 0 0 0
RSI (14) 4H 1D 1W
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Bullish sentiment dominated the single European currency against the Japanese Yen on Thursday. The currency pair gained about 241 base points during yesterday's trading session.

The exchange rate tested the 50-hour simple moving average at 123.25 during the Asian session on Friday.

Everything being equal, it is likely that the EUR/JPY currency exchange rate continue gaining strength within this session. The possible target will near a resistance cluster formed by the monthly pivot point and the 200-hour SMA at 125.43.

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