EUR/JPY buying signals - Technical Analysis - Dukascopy Bank
Tue, 02 Feb 2021 07:05:23 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
36%
34%
5.9%
Shorts
64%
66%
-3.4%
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)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The Eurozone single currency fell by 52 pips or 0.41% against the Japanese Yen on Monday. The currency pair breached the 50– hour simple moving average at 126.85 during Monday's trading session.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could edge higher within the following trading session.
However, the 50– hour SMA at 126.85 could provide resistance for the EUR/JPY currency exchange rate in the short term.
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