EUR/JPY breaches ascending channel pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs54%47%13.2%
Shorts46%53%-15.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The common European currency depreciated about 0.61% in values against the Japanese Yen on Tuesday. The currency pair breached the lower boundary of an ascending channel pattern during Tuesday's trading session.

The 200-hour simple moving average provided support for the exchange rate during the first half of today's session.

If the support level holds, the EUR/JPY pair could aim for the 127.00 region within this session.

Although, if the currency exchange rate breaks the 200-hour SMA at 126.31, a decline towards a support cluster at 125.91 could be expected today.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.