EUR/JPY bounces off 200– hour SMA - Technical Analysis - Dukascopy Bank
Thu, 10 Dec 2020 07:34:13 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
42%
39%
5.8%
Shorts
58%
61%
-4.1%
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)
Sell
Buy
Sell
SAR(0.02;0.2)
Neutral
Buy
Buy
Aggregate
⇒
⇗
⇒
The common European currency declined by 65 points or 0.51% against the Japanese Yen on Wednesday. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
The exchange rate bounced off from the support line formed by the 200– hour SMA at 125.80 on Thursday morning.
Most likely, bullish traders could continue to pressure the EUR/JPY pair higher during the following trading session.
However, a resistance level at 126.60 could provide resistance for the currency exchange rate in the shorter term.
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