EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Wed, 03 Mar 2021 07:39:04 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
51%
45%
12.1%
Shorts
49%
55%
-12.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
The EUR/JPY currency pair bounced off the 200– hour simple moving average at 128.56 on March 2, as a result, the common European currency has surged by 98 pips or 0.76% against the Japanese Yen since Tuesday's trading session.
All things being equal, the exchange rate is likely to continue to edge higher in an ascending channel pattern during the following trading session. The potential target for buyers could be near the weekly R1 at 129.86.
However, the currency exchange rate might reverse from an order block at 129.25 within this session.
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