EUR/JPY moving towards 130.00

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

Positions Today Yesterday % Change
Longs 38% 38% 0.00%
Shorts 62% 62% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Neutral
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

 The first part of Monday's trading session was relatively calm for the EUR/JPY exchange rate, as the pair continues to trade with low volatility for the second consecutive session. Although bears failed to push the rate past the lower boundary of a descending pattern, the expected up move towards the weekly PP at 130.97 did not occur as well.

Technical indicators demonstrate that the currency exchange rate could decline further south toward the aforementioned bottom border of a channel down during the following session.

It is unlikely that the pair could make any corrective movement north within the next 24hrs.  

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