EUR/JPY targets at 50.00% Fibo level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs43%46%-6.7%
Shorts57%54%5.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The common European currency has edged lower by 42 basis points against the Japanese Yen since yesterday's trading session. The currency pair breached the 23.60% Fibonacci retracement level at 122.13 during the Asian trading session on Tuesday.

As for the near future, the EUR/JPY exchange rate could continue to decline. The potential target will be at the 50.00% Fibonacci level at 121.47 within the following trading session.

However, the currency exchange rate might reverse north from the 38.20% Fibo at 121.77 during the following trading session.

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