EUR/JPY bears likely to prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs41%43%-3.9%
Shorts59%57%2.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇒⇗

[ANNOUNCE]The common European currency declined by 173 pips or 1.30% against the Japanese Yen on Thursday. The currency pair tested the 131.00 level during Thursday's trading session.[/ANNOUNCE]

Bears will most likely continue to pressure the exchange rate lower during the following trading session. The potential target for sellers would be near the 130.50 level.

However, the EUR/JPY currency exchange rate could reverse from the current price level at 131.16 and target the 50– hour simple moving average at 132.37 within this session.

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