EUR/JPY two scenarios likely - Technical Analysis - Dukascopy Bank
Wed, 07 Oct 2020 06:25:42 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
47%
41%
14.2%
Shorts
53%
59%
-12.8%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Sell
Buy
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
The Eurozone single currency declined by 75 basis points or 0.61% against the Japanese Yen on Tuesday. The currency pair tested the 100– hour simple moving average at 124.01 during Tuesday's trading session.
Technical indicators suggest buying signals on the 4-hour time-frame chart. Most likely, bulls could pressure the exchange rate higher during the following trading session.
However, if the currency exchange rate breaks the 100– hour simple moving average, a decline towards the weekly pivot point at 123.33 could be expected within this session.
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