EUR/JPY potential target at 126.40 - Technical Analysis - Dukascopy Bank
Thu, 11 Feb 2021 07:46:58 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
38%
1.4%
Shorts
62%
62%
-0.9%
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 common European currency declined by 32 pips or 0.25% against the Japanese Yen on Wednesday. The weekly pivot point at 126.71 provided support for the currency exchange rate during yesterday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The possible target for sellers would be near the lower boundary of an ascending channel pattern at 126.40.
However, the 200– hour simple moving average at 126.63 could provide support for the currency exchange rate within this session.
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