EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Tue, 23 Feb 2021 07:18:43 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
35%
40%
-13.8%
Shorts
65%
60%
7.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
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 fell by 62 pips or 0.49% against the Japanese Yen on Monday. The decline was stopped by the 200– hour simple moving average at 127.63 during yesterday's trading session.
Given that the exchange rate has bounced off the 200– hour SMA, buyers could pressure the EUR/JPY pair towards the weekly R1 at 128.39 during the following trading session.
However, the 50– hour simple moving average at 127.86 could provide resistance for the currency exchange rate today.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.