EUR/JPY trade calmly

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

Positions Today Yesterday % Change
Longs 31% 34% -9.68%
Shorts 69% 66% 4.35%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Neutral
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The common European currency spent the first part of Monday's trading session calmly, as it manages to reverse from the lower boundary of a junior ascending pattern.

By the middle of the day, the EUR/JPY exchange rate has breached both the 55-,100-,200–hour SMAs and currency providing a support cluster for the rate at the 130.44 regains.

Technical indicators flash bearish signals, but the currency exchange rate could make a brief corrective movement north for a likely re-test of the monthly pivot point at 130.94. If and when this situation happens, the price could remain bearish for the next trading session.

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