EUR/JPY could continue to edge up - Technical Analysis - Dukascopy Bank
Thu, 08 Oct 2020 05:57:21 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
47%
47%
-0.1%
Shorts
53%
53%
0.1%
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 common European currency has surged by 97 pips or 0.78% against the Japanese Yen on October 7. The currency pair was pressured higher by the 100– hour simple moving average.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for bulls would be at the 125.20 level.
Although, the currency exchange rate might make a brief retracement towards a support cluster formed by the monthly pivot point and the weekly R1 at 124.34 within this session.
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