EUR/JPY buying signals - Technical Analysis - Dukascopy Bank
Wed, 11 Nov 2020 07:12:42 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
66%
67%
-2.7%
Shorts
35%
33%
5.2%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Buy
Buy
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Sell
SAR(0.02;0.2)
Buy
Neutral
Buy
Aggregate
⇗
⇗
⇒
The common European currency traded sideways against the Japanese Yen on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
Most likely, the EUR/JPY exchange rate could edge higher within the following trading session. A breakout through the upper boundary of an ascending channel pattern might occur.
However, a resistance cluster near the 125.00 level could provide a barrier for bullish traders during the following trading hours.
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