EUR/JPY increases volatility

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

Positions Today Yesterday % Change
Longs 33% 34% -3.03%
Shorts 67% 66% 1.49%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The previous forecast for the pair's movement was wrong. The analysis was based on Fibonacci retracement levels, which should have forced the currency exchange rate to move south. By the middle of Tuesday's trading session, the pair had passed all the nearest support levels and had fallen down to the 135.20 mark.

This move might form a new pattern upwards or it might drop back to the junior channel and continue its movement downwards, as previously forecasted.

Currently, the pair is holding ground at the 135.20 mark, where the 38.20% Fibonacci retracement level is located. If the support is passed, the 135.00 mark would be targeted next.

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