EUR/JPY could continue to decline - Technical Analysis - Dukascopy Bank
Thu, 12 Nov 2020 07:21:47 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
67%
66%
2.3%
Shorts
33%
35%
-4.8%
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 single European currency declined by 57 basis points or 0.46% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour SMA during yesterday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for the EUR/JPY pair would be at the 122.99 level.
However, a support cluster near the 123.35 area could provide support for the currency exchange rate in the shorter term.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.