EUR/JPY moving towards swing low

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

Positions Today Yesterday % Change
Longs 51% 53% -3.92%
Shorts 49% 47% 4.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The single European currency appreciated about 90 base points against the Japanese Yen on Monday. However, after hitting the 130.20 level, the currency pair made a U-turn south.

Today's session begins with a bearish momentum and by the middle of Tuesday's trading session, the exchange rate has plunged by 0.59% of its values. Currently, the EUR/JPY pair is moving towards a swing low level at the 128.33 regions.

Although, a support level formed by the weekly S1 at 128.51 could hinder the currency exchange rate from taking out the swing low as mentioned earlier during the following trading session.

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