EUR/JPY strong bearish sentiment today

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

Positions Today Yesterday % Change
Longs 48% 43% 10.42%
Shorts 52% 57% -9.62%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The common European currency traded sideways against the Japanese Yen on Thursday. The currency pair trading range during the previous session was between 129.08 and 128.68.

Friday's trading session begins with a strong bearish momentum, and by the middle of the day, the exchange rate has depreciated by about 58 base points.

Technical indicators on the daily time frame suggest that the decline for the currency exchange rate is likely to continue within this session.

If the decline continues, a possible breakout through the lower boundary of an uptrend line is likely today.

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