EUR/JPY sellers could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs26%31%-21.1%
Shorts74%69%7.3%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The common European currency rose by 42 pips or 0.32% against the Japanese Yen on Wednesday. The surge was stopped by the 50– hour simple moving average during yesterday's trading session.

Technical indicators flash sell signals on the 4H time-frame chart. Most likely, sellers could pressure the EUR/JPY exchange rate lower during the following trading session.

However, a support level at 129.66 could provide support for the currency exchange rate within this session.

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