EUR/JPY decline could continue - Technical Analysis - Dukascopy Bank
Thu, 15 Oct 2020 06:28:10 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
50%
49%
0.9%
Shorts
50%
51%
-0.9%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Sell
Sell
Buy
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Neutral
Buy
Aggregate
⇘
⇒
⇗
The common European currency declined by 46 points or 0.37% against the Japanese Yen on Wednesday. The currency pair breached the weekly support level at 123.75 during Wednesday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for the EUR/JPY pair would be at the 123.00 level.
However, a support line at 123.14 could provide support for the currency exchange rate within this session.
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