EUR/JPY trades near 61.80% Fibo

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%74%-1.3%
Shorts27%26%3.4%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

The common European currency appreciated about 154 basis points against the Japanese Yen on Monday. The surge was stopped by the 200-hour simple moving average at 117.98.

The exchange rate was trading near the 61.80% Fibonacci retracement level at 117.19 during the morning hours of Tuesday's trading session.

If the support level, formed by the 61.80% Fibo holds, the currency pair will continue its upward swing today.

However, if the currency exchange rate passes the support level, bears are likely to dominate this session.

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