EUR/JPY decline could continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%49%0.9%
Shorts50%51%-0.9%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)SellSellBuy
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellNeutralBuy
Aggregate⇘⇒⇗

[ANNOUNCE]The common European currency declined by 46 points or 0.37% against the Japanese Yen on Wednesday. The currency pair breached the weekly support level at 123.75 during Wednesday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for the EUR/JPY pair would be at the 123.00 level.

However, a support line at 123.14 could provide support for the currency exchange rate within this session.

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