EUR/JPY bearish sentiment today

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

Positions Today Yesterday % Change
Longs 46% 43% 6.52%
Shorts 54% 57% -5.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The Decline of the common European currency against the Japanese Yen continued during Monday's trading session. The currency pair fell about 76 base points during the end of yesterday's session.

The depreciation continues during Tuesday's trading session. By the middle of the day, the exchange rate has declined further 45 base points.

As for the near future, it is likely that the Euro will make a brief retracement north towards a resistance cluster formed by the combination of the 200-hour simple moving average and the weekly PP at 12849.

However, the 50-hour SMA at 128.16 could hinder such movement today.

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