EUR/JPY bearish signals today

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

 Positions Today Yesterday Change
 Longs 51% 57% -11.8%
 Shorts 49% 43% 12.2%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Buy Neutral
 Alligator(13;8;5) Sell Sell Sell
 SAR(0.02;0.2) Buy Sell Sell
 Aggregate

A breakout occurred through the upper boundary of a junior descending channel pattern on Monday. The single European currency gained about 0.40% in values against the Japanese Yen. 

The currency pair is currently moving towards the lower boundary of an ascending trendline and could be set for a second breakout. 

If the EUR/JPY currency exchange rate passes the support level formed by the lower boundary of the uptrend line at 124.40, the next level will be at a swing low of 124.18.

However, if the support level holds, the pair could aim for a test of the 200-hour SMA at 124.96 within this session.

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