EUR/JPY decline to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs54%55%-2.5%
Shorts46%45%2.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇘

[ANNOUNCE]The common European currency declined by 95 pips or 0.79% in value against the Japanese Yen. The currency pair was pressured lower by the 50-, 100– and 200– hour SMAs during yesterday's trading session. [/ANNOUNCE]

By and large, the exchange rate could continue to decline within the following trading session. The potential target for the EUR/JPY pair will be at the bottom border of a descending channel pattern at 118.89.

Although, the currency exchange rate could make a slight upward movement towards the weekly and the monthly PPs at 119.64 during the following trading session.

Actual Topics