EUR/JPY heads down to test 131.11

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

Positions Today Yesterday % Change
Longs 33% 34% -3.03%
Shorts 67% 66% 1.49%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

There has been some major development in the situation on the EUR/JPY pair. By the end of Wednesday's trading session, the currency pair has extended it lost, which began during the Asian session.  

Due to the high volatility which had occurred to the Euro, the rate managed to breached the lower boundary of an ascending channel. 

Given that the dominant pattern has been breached at midday on Thursday, the exchange rate is likely going to remain bearish during the next 24 hours. In the meantime, traders should look for opportunities to trade if and when the pair find support at the weekly S1.

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