EUR/JPY remain near monthly S1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs61%51%17.0%
Shorts39%49%-26.4%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The single European currency traded sideways against the Japanese Yen on Friday. The monthly support level at 119.00 provided support for the currency pair during Friday's trading session.

As for the near future, the exchange rate could break the monthly support level at the 119.00 area. If this breakout occurs, a decline towards the weekly S1 at 118.38 could be expected.

However, if the monthly S1 holds, the currency exchange rate will most likely edge higher within this session.

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