EUR/JPY Fibo retracement

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 45% 51% -13.33%
Shorts 55% 49% 10.91%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Sell Neutral
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Even though the common European currency has increased its trading range against the Japanese Yen during the previous session, the EUR/JPY exchange rate failed to make any substantial movement.

After reaching the 23.60% Fibonacci retracement level, the currency pair made a U-turn south. This retracement can be measured by connecting the low at 129.62 and the high at 132.44.

As for near future, the pair could continue moving south until it finds support at the 100-hour simple moving average where the 61.80% Fibo is located.

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