EUR/JPY maintaining trend-line

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

Positions Today Yesterday % Change
Longs 40% 43% -7.50%
Shorts 60% 57% 5.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The common European currency continued to decline against the Japanese Yen. By the end of Tuesday's trading session, the currency pair had lost more than 90 basis points.

During the first part of Wednesday's session, the exchange rate was trading with low volatility as bulls and bears were indecisive. Meanwhile, the junior ascending pattern continues to hold for the third consecutive trading day.

Everything being equal, the EUR/JPY is likely to continue its decline until it breaches the lower boundary of the junior ascending channel within the following trading session.

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