EUR/JPY two scenarios likely - Technical Analysis - Dukascopy Bank
Mon, 08 Mar 2021 07:34:56 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
40%
45%
-11.1%
Shorts
60%
55%
7.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇒
⇒
⇗
During Friday's trading session, the common European currency declined by 63 pips or 0.49% against the Japanese Yen. The decline was stopped by the 200– hour simple moving average on Friday.
Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the weekly S1 at 128.27 could be expected today.
However, if the channel pattern holds, buyers will likely pressure the currency exchange rate higher in the session.
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.