Technical Analysis

EUR/JPY might aim for 200-hour SMA today
Tue, 17 Sep 2019 08:18:33 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs64%66%-3.0%
Shorts36%34%5.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate

The single European currency depreciated about 79 basis points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100– hour SMAs at the end of the previous trading session.

In Regards the near future, the EUR/JPY exchange rate will most likely continue to edge lower until it reaches the lower boundary of an ascending channel pattern at 118.66.

However, technical indicators demonstrate that the currency exchange rate will surge during the following trading session.


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