EUR/JPY after assessing fundamentals

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

Positions Today Yesterday % Change
Longs 30% 38% -26.67%
Shorts 70% 62% 11.43%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate ⇘ ⇒ ⇑

[ANNOUNCE]After the initial jump and writing of the previous analysis of the EUR/JPY currency pair, the forecast failed pretty fast. [/ANNOUNCE] 

The reason for that was the fact that after encountering the most junior resistance the currency exchange rate retreated to the 133.30 level. Afterwards a fall followed, which eventually revealed a channel down pattern, which is the actual representation of the breaking out of the triangle pattern to the downside. 

In regards to the near future, the pair has bounced off a combined support of a monthly support level and the lower trend line of the newly discovered channel down at the 132.00 mark. Due to that a surge is to be expected to the 132.57 level.

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