EUR/JPY likely to rebound

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

Positions Today Yesterday % Change
Longs 62% 57% 8.06%
Shorts 38% 43% -13.16%
Indicator 4H 1D 1W
MACD (12; 26; 9) 0 0 0
RSI (14) 4H 1D 1W
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate ⇒ ⇒ ⇒

[ANNOUNCE]The common European currency depreciated about 628 base points against the Japanese Yen on Wednesday. This sharp decline was caused by the general strength of the Yen against a basket of major currencies.[/ANNOUNCE]

The exchange rate has recovered about 1.58% of its values since the starts of today's trading session.

As for the short-term future, it is likely that the Euro will continue its rebound and potentially aim at a resistance cluster formed by the combination of the weekly S1 and the 50-hour simple moving average at 124.45 during the following trading session.

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