EUR/JPY bearish movement

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

Positions Today Yesterday % Change
Longs 39% 37% 5.13%
Shorts 61% 63% -3.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Despite signals pointing to a possible recovery during the previous session, the Euro failed to overcome the bearish sentiment, and by the end of the day, the pair lost 60 pips.

Given that the currency pair has not yet been able to gain strength, it is likely that this session would not introduce significant changes to its positioning, especially if the northern side is restricted by the monthly S1 at 130.56. 

Everything being equal, the exchange rate is likely to decline further until it finds support at the monthly S1 at 129.69.

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