EUR/JPY limited by 100-hour SMA

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

Positions Today Yesterday % Change
Longs 44% 42% 4.55%
Shorts 56% 58% -3.57%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Downside risks continued to dominate the EUR/JPY exchange rate during Wednesday's session, the currency pair ended the day by testing a significant support level set by the weekly pivot point near the 129.64 mark.

The pair has bounced off the lower boundary of an ascending channel and started gaining strength. However, these gains were limited by the 100-hour simple moving average.

Technical indicator flash mix signals. Nevertheless, given that the three SMAs are located above the price, the common European currency is likely to decline further south against the Yen during the following trading session.  

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