EUR/JPY likely to maintain trading range

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs63%66%-3.5%
Shorts37%34%6.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

The single European currency declined by 177 basis points or 1.48% in value against the Japanese Yen on Thursday. The currency pair has been trading between the range of 119.20/117.06 since the beginning of this week's trading sessions.

The exchange rate will most likely continue to trade within the given range until the end of today's trading session. The EUR/JPY pair could target the 117.06 regions today.

On the other hand, the currency exchange rate could reverse from the current price level at 118.34 and make a slight upward movement during the following trading session.

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