EUR/JPY could bounce off support - Technical Analysis - Dukascopy Bank
Fri, 06 Nov 2020 07:26:42 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
73%
73%
0.2%
Shorts
27%
27%
-0.5%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Sell
Buy
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇘
⇒
During the first half of Thursday's trading session, the common European currency surged by 82 basis points or 0.67% against the Japanese Yen. However, the currency pair lost the earlier gains at the end of the day.
Most likely, the exchange rate could continue to edge lower during the following trading session. The possible target for the EUR/JPY pair would be near the 121.80 level.
However, the lower border of an uptrend line could provide support for the currency exchange rate in the shorter term.
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