EUR/JPY breaches SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs62%67%-7.5%
Shorts38%33%12.3%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyBuy
Stochastic(5;3;3)BuyNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇒

[ANNOUNCE]The common European currency depreciated about 1.03% in value against the Japanese Yen. The currency pair breached both the 50-, 100– and 200-hour SMAs during yesterday's trading session.
[/ANNOUNCE]
Most likely, the currency exchange rate will continue to trade down within this session. The potential target for bearish traders would be near the weekly S2 at 116.46.

However, a support level formed by the weekly S1 at 117.45 could provide support for the exchange rate today.

Actual Topics