EUR/JPY could continue to edge higher - Technical Analysis - Dukascopy Bank
Wed, 27 Jan 2021 07:08:17 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
48%
42%
13.0%
Shorts
52%
58%
-11.9%
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)
Sell
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇘
⇗
The common European currency surged by 40 pips or 0.32% against the Japanese Yen on Tuesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
Everything being equal, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for the EUR/JPY pair would be near the 126.60 level.
However, a resistance level at 126.40 could provide a barrier for bullish trader within this session.
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.