EUR/JPY decline continues

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

Positions Today Yesterday % Change
Longs 31% 36% -16.13%
Shorts 69% 64% 7.25%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The inability of the single European currency to gain strength on Tuesday has an impact on the EUR/JPY exchange rate. The price movement introduced no significant changes to the overall price range during the end of trading session.

The currency pair has continued to trade bearish for this week, and it seems that traders could target 121.76 set by the weekly pivot point by the end of this week trading sessions.

Given that technical indicators has shown a sign that the pair is shifting away from the oversold area might suggest either a consolidation of a minor surge towards the 100– hour simple moving average within the next days.

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