EUR/JPY tests 200– hour SMA - Technical Analysis - Dukascopy Bank
Wed, 04 Nov 2020 06:26:16 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
74%
74%
0.6%
Shorts
26%
26%
-1.7%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Sell
Sell
Buy
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Sell
SAR(0.02;0.2)
Neutral
Sell
Buy
Aggregate
⇒
⇘
н
The common European currency surged by 123 pips or 1.01% against the Japanese Yen on Tuesday. The currency pair breached the monthly PP at 122.56 during yesterday's trading session.
The EUR/JPY exchange rate reversed from the 200– hour simple moving average at 122.83 on Wednesday morning. Most likely, bearish traders are likely to pressure the price lower within this session.
However, a support cluster formed by the 50– and 100– hour SMAs at 122.17, could provide a barrier for bears during the following trading session.
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