EUR/JPY decline likely to continue - Technical Analysis - Dukascopy Bank
Fri, 26 Feb 2021 07:25:24 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
43%
-12.4%
Shorts
62%
57%
7.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
During the first half of yesterday's trading session, the common European currency surged by 98 pips or 0.76% against the Japanese Yen. However, the currency pair erased the earlier gains by the end of the session.
The exchange rate is likely to continue to edge lower during the following trading session. The potential target for bearish traders will be near the 200– hour simple moving average at 128.16.
Although, the EUR/JPY currency exchange rate could reverse from a support cluster at 129.01 today.
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