EUR/JPY shows uncertainty

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

Positions Today Yesterday % Change
Longs 31% 35% -12.90%
Shorts 69% 65% 5.80%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Despite signals pointing to a possible recovery during the previous session, EUR/JPY failed to overcome the bearish pressure, thus ending the day with a 122-pip fall.  

The situation changed early today when the pair reversed from the monthly S1 at 133.03. However, daily gains were limited, as the Euro had returned near the weekly S1 by mid-session. 

Meanwhile, the pair breached the steep channel down. This suggest that some upward momentum might be due in the nearest time. 

Given that the pair has not yet been able to gain strength, it is likely that this session does not introduce significant changes to its positioning, especially if the northern side is restricted by the 55-hour SMA and the monthly PP circa 134.00. 

Today's low should be the aforementioned monthly S1.

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.