EUR/JPY buying signals - Technical Analysis - Dukascopy Bank
Thu, 03 Dec 2020 06:31:47 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
44%
55%
-25.3%
Shorts
56%
45%
19.7%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Buy
Buy
Stochastic(5;3;3)
Sell
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Sell
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇒
The common European currency surged by 50 pips or 0.40% against the Japanese Yen on Wednesday. The currency pair tested the weekly R3 at 126.53 during yesterday's trading session.
The exchange rate is currently trading near the upper boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 127.50 level could be expected within this session.
However, if the channel pattern holds, bearish traders could drive the currency exchange rate lower towards the 50– hour SMA at 125.89 today.
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