EUR/JPY could edge lower - Technical Analysis - Dukascopy Bank
Fri, 04 Dec 2020 07:23:32 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
46%
44%
5.4%
Shorts
54%
56%
-4.7%
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 declined by 60 pips or 0.47% against the Japanese Yen on Thursday. The currency pair breached the 50– hour SMA during yesterday's trading session.
Most likely, the exchange rate could continue to edge lower during the following trading session. The possible target for bears would be near the support level at 125.00.
However, a support cluster at the 125.50 area could provide a barrier for bearish traders within this session.
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