EUR/JPY decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs43%37%13.8%
Shorts57%63%-10.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

Downside risks dominated the common European currency against the Japanese Yen on Wednesday. The currency pair fell by 86 pips or 0.65% during yesterday's trading session.

All things being equal, the exchange rate could continue to trend bearish during the following trading session. The potential target for the EUR/JPY pair will be near the 132.00 level.

However, the weekly support line at 132.65 could provide support for the currency exchange rate in the shorter term.

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