EUR/JPY could edge higher - Technical Analysis - Dukascopy Bank
Tue, 03 Nov 2020 06:11:19 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
74%
64%
14.0%
Shorts
26%
36%
-39.9%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Sell
Sell
Buy
Stochastic(5;3;3)
Buy
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇘
⇒
The single European currency remained stable against the Japanese Yen on Monday. The currency pair traded below the 122.00 level during yesterday's trading session.
Everything being equal, bullish traders could push the exchange rate higher during the following trading session. The possible target for EUR/JPY pair would be near the 122.99 area.
However, technical indicators demonstrate that the currency exchange rate could continue to edge lower in a descending channel pattern during Tuesday's trading session.
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