EUR/JPY set for breakout

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

Positions Today Yesterday % Change
Longs 49% 48% 2.04%
Shorts 51% 52% -1.96%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate ⇗ ⇘ ⇒

[ANNOUNCE]The Euro continues its bullish path against the Japanese Yen, and the exchange rate is gradually moving in an ascending channel.[/ANNOUNCE]

By the end of the European trading session on Tuesday, the currency pair has moved past the 200-hour simple moving average and also tested the upper boundary of the ascending channel.

A breakout is expected from the bottom of the channel during the next 24 hours. If and when the breakout occur, it is likely to encounter a support cluster set by the monthly PP and the 100-hour simple moving average near 130.58.

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