EUR/JPY could break channel - Technical Analysis - Dukascopy Bank
Tue, 16 Feb 2021 07:20:34 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
43%
39%
7.3%
Shorts
57%
61%
-5.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The single European currency climbed by 66 pips or 0.52% against the Japanese Yen on Monday. The currency pair breached the weekly R2 at 127.83 during yesterday's trading session.
Tuesday's trading session began with bullish momentum. Most likely, a breakout through the upper boundary of an ascending channel pattern could occur within the following hours.
However, if the channel pattern holds, bearish traders might pressure the EUR/JPY currency exchange rate lower today.
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