EUR/JPY bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs26%26%0.8%
Shorts74%74%-0.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The common European currency fell by 40 pips or 0.30% against the Japanese Yen on Tuesday. The exchange rate continued to trading within the 134.00/133.60 levels during yesterday's trading session.

Given that the currency pair has bounced off the support level at 133.05, bullish traders are likely to pressure the EUR/JPY pair higher during the following trading session.

However, the 134.00 level could still provide resistance for the currency exchange rate in this session.

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