EUR/JPY selling signals - Technical Analysis - Dukascopy Bank
Wed, 28 Oct 2020 06:52:58 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
62%
49%
21.6%
Shorts
38%
51%
-35.3%
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
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇘
⇗
The single European currency has declined by 121 points or 0.97% against the Japanese Yen since yesterday's trading session. The currency pair tested the lower line of a descending channel pattern on Wednesday morning.
Technical indicators suggest that the exchange rate could continue to edge lower during the following trading session. The potential target for bears would be at the 122.40 level.
However, if the lower boundary of the channel pattern holds, the currency exchange rate is likely to make a brief retracement towards the 123.50 area within this session.
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