EUR/JPY likely to decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%53%6.5%
Shorts43%47%-8.5%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇘

[ANNOUNCE]The common European currency versus the Japanese Yen traded between the 50– hour simple moving average at 119.92 and the weekly support level at 119.61 on Tuesday. [/ANNOUNCE]

The currency pair is currently trading near a resistance level formed by the 50– hour SMA at 119.92.

If the resistance line holds. The EUR/JPY exchange rate will likely trade south within this session.

However, if the currency exchange rate breaks the 50– hour SMA, a surge towards the 120.20 area could be expected today.

Actual Topics