EUR/JPY declines after German data release

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%42%1.3%
Shorts58%59%-0.9%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇘⇗⇒

[ANNOUNCE]Downside risks have continued to dominate the single European currency against the Japanese Yen since yesterday's trading session. The currency pair has revealed a new junior descending channel pattern.[/ANNOUNCE]

Today's trading session began with strong bearish momentum, and by the middle of the day, the exchange rate has lost about 1.11% in value.

The currency exchange rate is currently testing a support cluster formed by the weekly and the monthly PPs at 124.98.

If the support cluster is unable to hold, a breakout through the lower boundary of the descending channel pattern is likely to occur within this session.

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