EUR/JPY likely to tests 123.12

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

Positions Today Yesterday % Change
Longs 63% 71% -12.70%
Shorts 37% 29% 21.62%
Indicator 4H 1D 1W
MACD (12; 26; 9) 0 0 0
RSI (14) 4H 1D 1W
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Neutral Neutral Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The single European currency traded sideways against the Japanese Yen on Wednesday. The currency pair tested the upper boundary of a medium-term descending channel at 125.00 during yesterday's trading session.

The EUR/JPY pair breached a support level set by the bottom border of a junior ascending channel pattern at the 124.66 area during the first half to Thursday's session.

By and large, it is likely that the currency exchange rate edges lower within this session. The potential downside target will be near a support cluster formed by the combination of the weekly and the monthly pivot points at the 123.12 region.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.