EUR/JPY reverses from 128.40 - Technical Analysis - Dukascopy Bank
Wed, 17 Feb 2021 07:01:43 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
41%
43%
-3.2%
Shorts
59%
57%
2.3%
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 common European currency rose by 49 pips or 0.38% against the Japanese Yen on Tuesday. The currency pair tested the upper line of an ascending channel pattern at 128.40 during Tuesday's trading session.
The exchange rate fell from the upper boundary of the channel pattern during the Asian session on Wednesday. Most likely, the EUR/JPY pair could continue to decline within this session.
However, the 50– hour simple moving average at 127.98 could provide support for the currency exchange rate during the following trading hours.
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