EUR/JPY could edge up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%26%6.4%
Shorts72%74%-2.5%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇘⇗⇒

[ANNOUNCE]The common European currency declined by 45 pips or 0.34% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour simple moving average during Tuesday's trading session.[/ANNOUNCE]

Everything being equal, the exchange rate is likely to continue to edge lower during the following trading session. A breakout through the lower boundary of a descending channel pattern could occur.

However, the 200– hour SMA at 131.22 could still provide support for the currency exchange rate today.

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