EUR/JPY decline could continue - Technical Analysis - Dukascopy Bank
Thu, 21 Jan 2021 06:53:06 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
50%
44%
11.3%
Shorts
50%
56%
-11.3%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Sell
Sell
Buy
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Neutral
Neutral
Buy
Aggregate
⇒
⇘
⇗
The single European currency declined by 81 basis points or 0.64% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 100– hour SMAs during Wednesday'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 weekly S1 at 124.88.
However, the currency exchange rate could reverse from the support line at 125.20 and aim at the weekly pivot point at 125.94 today.
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.