EUR/JPY breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs63%67%-6.4%
Shorts37%33%10.7%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The common European currency declined by 68 pips or 0.58% against the Japanese Yen on Wednesday. A breakout occurred through the lower boundary of an ascending at 116.20 during yesterday's trading session.

Given that a breakout had occurred, the EUR/JPY exchange rate could continue to decline within this session. The possible target for bearish traders would be at the psychological support level at 115.00.

On the other hand, the currency exchange rate could reverse from the current price level at 115.46 and makes some upward move today.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.