EUR/JPY near 23.60% Fibo

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

Positions Today Yesterday % Change
Longs 48% 38% 20.83%
Shorts 52% 62% -19.23%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Neutral Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The single European currency has continued moving in an ascending channel against the Japanese Yen. The currency pair has moved closer to the upper boundary of the junior channel and could be ready for a breakout. 

After reaching near 23.80% Fibonacci retracement level, the EUR/JPY currency pair started to decline. This retracement can be measured by connecting the low at 128.96 and the high at 132.28.

Everything being equal, the currency exchange rate is likely to decline further south until it finds three sets of support level. Namely, the 55-, 100-, and the 200– hour SMAs.

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