EUR/JPY decline continues

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

Positions Today Yesterday % Change
Longs 38% 37% 2.63%
Shorts 62% 63% -1.61%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Neutral Neutral
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Bearish movement which had guided the Euro during this week continues on Thursday, thus allowing the exchange rate to hit the lower boundary of a dominant ascending channel.

The EUR/JPY currency pair, however, remained under the pressured of the 55– hour simple moving average for the past days. By the middle of the European trading session on Friday, a resistance formed by the weekly pivot point at 130.96 was pushing the price further south.

Technical indicators stay bearish for the following session, thus pointing to another set of decline today.

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