EUR/JPY selling signals - Technical Analysis - Dukascopy Bank
Fri, 30 Oct 2020 07:14:16 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
65%
54%
17.2%
Shorts
35%
46%
-31.4%
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
Sell
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇘
⇒
Downside risks have continued to dominate the Eurozone currency against the Japanese Yen. The currency pair declined by 88 pips or 0.72% during Thursday's trading session.
Technical indicators suggest selling signals on the 4 hour and daily time-frame charts. Most likely, bears could continue to pressure the exchange rate lower within this session.
However, a support cluster formed by the weekly S3 and the monthly S1 near the 121.72 area could provide support for the currency exchange rate during the following trading session.
currency exchange rate during the following trading session.
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