EUR/JPY remains near dominant resistance

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

Positions Today Yesterday % Change
Longs 37% 38% -2.70%
Shorts 63% 62% 1.59%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

As it was expected on Thursday, the Euro has booked new high levels against the Japanese Yen. However, the desired high level of 136.50 was not touched.

Instead the pair began its surge much earlier. The appreciation of the common European currency against the Yen ended, when the exchange rate quickly reached and one more confirmed the upper trend line of a dominant ascending channel pattern.

Although, that does not necessarily mean that the surge has ended. The resulting bounce of had already found support in the combination of the 55 and 100 hour simple moving averages, which might force the pair higher.

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