EUR/JPY high volatility

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

Positions Today Yesterday % Change
Longs 34% 32% 5.88%
Shorts 66% 68% -3.03%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

By mid-Wednesday, the Euro had managed to erase all gains reached during yesterday. 

A strong downside momentum started when the currency pair breached the monthly pivot point at 132.87 and hit the upper trend-line. 

Given the magnitude of the recent fall, it is likely that the exchange rate fails to overcome support near the 132.35 regions where the 55-hour simple moving average and the weekly PP are located. However, a reverse north is likely if the support line is able to hold.

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