EUR/JPY short-term decline insight

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

Positions Today Yesterday % Change
Longs 54% 60% -11.11%
Shorts 46% 40% 13.04%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The common European currency depreciated about 85 base points against the Japanese Yen on Friday. The currency pair breached the lower boundary an ascending channel during the end of Friday's trading session.

Given that a breakout had occurred through the bottom border of the channel pattern, it is expected that the currency exchange rate continues its decline within this session and potentially aim at a support level formed by a traditional weekly pivot point at 125.52.

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