EUR/JPY bearish sentiment today

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

 Positions Today Yesterday Change
 Longs 57% 59% -3.5%
 Shorts 43% 41% 4.7%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Sell Sell Neutral
 Stochastic(5;3;3) Neutral Sell Neutral
 Alligator(13;8;5) Buy Buy Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

The Eurozone single currency appreciated about 88 base points against the Japanese Yen on Friday. The exchange rate was guided by the 50-hour simple moving average during the previous trading session.

Monday's trading session began with bearish momentum. By the middle of the trading day, the currency pair has breached a support level formed by the 50-hour SMA at 126.96.

If the currency exchange rate passes the weekly pivot point t 126.70, the next target for bearish traders will be near the 100-hour SMA at 126.46.

However, if the weekly PP holds, the EUR/JPY pair will continue to maintain the junior ascending channel pattern within this session.

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