EUR/JPY could make brief retracement

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs68%70%-3.1%
Shorts32%30%6.5%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇒⇒⇒

[ANNOUNCE]Upside risks dominated the common European currency against the Japanese Yen on Thursday, thus, allowing the currency pair to gained about 109 basis points during yesterday's trading session.
[/ANNOUNCE]
As for the near future, the EUR/JPY exchange rate could make a brief retracement towards a support level formed by the 50– hour simple moving average at the 118.40 area.

However, a support level, formed by the weekly R2 at 118.64, might restrict the currency exchange rate from falling during the following trading session.

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