EUR/JPY decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%71%3.8%
Shorts26%29%-10.8%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇘⇒

[ANNOUNCE]During Friday's trading session, the common European currency traded by 42 base points against the Japanese Yen.[/ANNOUNCE]

Everything being equal, it is likely that the EUR/JPY currency pair will continue its downside movement. The potential target for bearish traders would be near a support cluster formed by the combination of the weekly and the monthly pivot points at 122.59.

Meanwhile, our technical indicators demonstrate that bears could continue their dominance in the market in the short-term.

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