EUR/JPY bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs69%68%1.8%
Shorts31%32%-3.9%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

During the first part of yesterday's trading session, the Eurozone single currency declined by 211 pips or 1.77% in value against the Japanese Yen. However, the currency pair made a U-turn from the weekly S1 at 117.19 and regained some of its lost points at the end of Monday's session.

As for the near future, the exchange rate could make a slight upward movement towards the 120.50 area.

Although, a resistance level formed by the monthly pivot point at 119.64 could provide resistance for the EUR/JPY currency exchange rate within the following trading session.

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