EUR/JPY possible decline

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

Positions Today Yesterday % Change
Longs 48% 46% 4.17%
Shorts 52% 54% -3.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Upside risks dominated the common European currency versus the Japanese Yen on Monday. The currency pair appreciated by about 98 base points during yesterday's session.

However, the surge was halt by a strong resistance cluster formed by the combination of the weekly and the monthly PPs at 128.89. 

Technical indicators on the daily time frame suggest that the EUR/JPY currency exchange rate might continue its decline today.

If this decline continues, the pair could aim at the lower boundary of an ascending trendline at 128.00 during the following trading session.

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