EUR/JPY remains unchanged

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

Positions Today Yesterday % Change
Longs 53% 49% 7.55%
Shorts 47% 51% -8.51%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The Eurozone single currency remained stable against the Japanese Yen on Wednesday, as the currency pair was trading with low volatility. Also, the pair breached the 55-hour simple moving average at 126.12.

After hitting the monthly pivot point at 126.83 during the previous session, the exchange rate made a U-turn south. However, the decline was stopped by a double bottom support level at 125.80.

Everything being equal, it is likely that the EUR/JPY currency exchange rate continue moving down along the junior descending channel during the following trading session. 

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