EUR/JPY could edge lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%44%5.4%
Shorts54%56%-4.7%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇒

[ANNOUNCE]The common European currency declined by 60 pips or 0.47% against the Japanese Yen on Thursday. The currency pair breached the 50– hour SMA during yesterday's trading session.[/ANNOUNCE]

Most likely, the exchange rate could continue to edge lower during the following trading session. The possible target for bears would be near the support level at 125.00.

However, a support cluster at the 125.50 area could provide a barrier for bearish traders within this session.

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