EUR/JPY breakout to the south

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

Positions Today Yesterday % Change
Longs 35% 33% 5.71%
Shorts 65% 67% -3.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Buy
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The common European currency lost strength against the Japanese Yen by the middle of Friday's trading session. The pair was pushed back to the south by the weekly PPs resistance at 136.33. 

The pair has breached the 50.00% Fibonacci retracement level during the Monday's trading session. The retracement can be measured with the high of 136.62 and the low of 133.08. 

 As expected, the move resulted in a breakout from the triangle to the south. Regarding the future, the pair is likely to continue trading south until it finds support at the combination of the monthly and weekly PPs near the 134.27 mark.

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