EUR/JPY reaches five-month low

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Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 37% 45% -21.62%
Shorts 63% 55% 12.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate ⇘ ⇘ ⇗

[ANNOUNCE]Downside risks dominated the Euro yesterday, as the pair closed the session with a 140 base point lost. Along the way, the currency pair breached the 55-, and the 100-hour SMAs.[/ANNOUNCE]

During the European trading session on Wednesday, the rate had reached a five-month low. Technical indicators suggest that the overall movement during the following 24 hours should remain bearish.

However, given that technical sentiment is located in the oversold region, a short retracement south is likely.

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