EUR/JPY two scenarios likely - Technical Analysis - Dukascopy Bank
Mon, 25 Jan 2021 07:15:22 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
46%
52%
-13.3%
Shorts
54%
48%
11.2%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Sell
Buy
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇘
⇗
The Eurozone single currency rose by 41 points or 0.32% against the Japanese Yen on Friday. The currency pair tested the upper line of an ascending channel pattern at 126.39 during Friday's trading session.
Currently, the exchange rate is trading near the upper boundary of the channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the weekly R1 at 126.74 within the following trading session.
However, if the ascending channel pattern holds, bearish traders might press the currency exchange rate lower today.
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