EUR/JPY in previous range

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

Positions Today Yesterday % Change
Longs 32% 33% -3.13%
Shorts 68% 67% 1.47%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Although the EUR/JPY currency pair was expected and even made an attempt to decline as it bounced off the resistance near the 135 mark, the currency exchange rate remained in the same rate on the last day of this year's trading.  

The reason for the sticking to the previous range was the additional support provided by the 55 and 100-hour simple moving averages. Which by the middle of Friday's trading were located respectively at 134.70 and 134.60 levels.

It can be expected that the pair will trade at the set range until next year. The pair should break to the downside, when the SMAs squeeze it against the 135.00 mark and a break out occurs.

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