EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Tue, 22 Dec 2020 06:46:31 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
36%
-5.9%
Shorts
66%
64%
3.0%
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
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇗
The EUR/JPY currency pair bounced off the lower boundary of an ascending channel pattern at 126.00 during yesterday's trading session. As a result, the Euro surged by 65 pips or 0.51% the Yen on Monday.
All things being equal, the exchange rate could continue to trend bullish during the following trading session. The potential target for bullish traders would be near the 127.00 area.
However, a resistance level at 126.60 could provide a barrier for the currency exchange rate within this session.
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