EUR/JPY two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%41%14.2%
Shorts53%59%-12.8%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuySellBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The Eurozone single currency declined by 75 basis points or 0.61% against the Japanese Yen on Tuesday. The currency pair tested the 100– hour simple moving average at 124.01 during Tuesday's trading session.

Technical indicators suggest buying signals on the 4-hour time-frame chart. Most likely, bulls could pressure the exchange rate higher during the following trading session.

However, if the currency exchange rate breaks the 100– hour simple moving average, a decline towards the weekly pivot point at 123.33 could be expected within this session.

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