EUR/JPY reveals new aspects

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 34% 37% -8.82%
Shorts 66% 63% 4.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The previous forecast for the EUR/JPY currency exchange rate was wrong. Our analysts were watching, whether the scenario of a surge would begin after the pair encounters the combined support of the 55 and 100-hour SMAs 

The pair passed the support levels and fell down to the 135.20 mark, where it rebounded and jumped back up to the SMAs. 

However, there are more notable facts to mention. During the move the pair revealed a new short term channel down pattern, which might guide the currency pair throughout this week. In addition, the drawn Fibonacci retracement levels have shown to be affecting the pair.

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