EUR/JPY decline continues

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

Positions Today Yesterday % Change
Longs 49% 49% 0.00%
Shorts 51% 51% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The common European currency remained stable against the Japanese Yen on Friday, as it was confined within the bounds of the weekly pivot point at 130.67 and the 55-hour simple moving average. 

 By the end of the European trading session on Monday, the EUR/JPY pair was heading for a re-test of the upper boundary of a junior pattern. 

Everything being equal, the currency exchange rate is set to plunge further until it finds support at the weekly S1 at 129.16. in addition, the overall market sentiment still remains bearish.

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