EUR/JPY decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs66%65%0.7%
Shorts34%35%-1.3%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇘⇒

[ANNOUNCE]The common European currency depreciated about 45 basis points against the US Dollar on Tuesday. The decline started after the currency pair tested the monthly pivot point at 118.08.[/ANNOUNCE]

The EUR/JPY will most likely continue its southern movement today. Bearish traders might aim for a support level formed by the monthly S1 at 117.40 during the following trading session.

Furthermore, technical indicators flash sell signals on both the smaller and the larger time-frame charts. Therefore, bearish sentiment could prevail in the market within this session.

Actual Topics