EUR/JPY decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%50%-1.1%
Shorts50%50%1.1%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇒

[ANNOUNCE]The common European currency declined by 47 pips or 0.36% against the Japanese Yen on Wednesday. The currency pair breached the 130.00 level during Wednesday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate is likely to continue to trend bearish during the following trading session. The potential target for the EUR/JPY pair will be near the 129.30 area.

However, the weekly support level at 129.62 could provide support for the currency exchange rate in the shorter term.

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