EUR/JPY supported by SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%74%-1.1%
Shorts27%26%3.1%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellBuy
Aggregate

The Eurozone single currency depreciated about 0.59% in value against the Japanese Yen on Monday. The decline was stopped by a support level formed by the monthly S1 at 122.59.

A support cluster formed by the combination of the weekly and the monthly pivot points at 123.14 is currently providing support for the currency pair.

If this support level holds, a surge towards the 123.81 area could be expected within this session.

However, if the currency exchange rate breaches the support level, bears could be prepared to break the monthly S1 at 122.59 today.

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