EUR/JPY could edge lower - Technical Analysis - Dukascopy Bank
Wed, 10 Feb 2021 07:29:14 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
36%
3.8%
Shorts
62%
64%
-2.3%
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 Eurozone single currency declined by 34 pips or 0.27% against the Japanese Yen on Tuesday. The decline was stopped by a support line at 126.45 during yesterday's trading session.
All things being equal, the EUR/JPY exchange rate could continue to edge lower during the following trading session. Bearish traders might target the 126.30 level today.
However, a support cluster formed by the 100– and 200– hour SMAs at 126.63 could provide support for the currency exchange rate within this session.
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