EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Fri, 26 Mar 2021 06:38:43 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
40%
42%
-4.5%
Shorts
60%
58%
3.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Buy
Neutral
Sell
Stochastic(5;3;3)
Buy
Buy
Sell
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇒
⇗
⇒
The common European currency declined by 48 pips or 0.37% against the Japanese Yen on Thursday. The currency pair tested the weekly S2 at 128.51 during yesterday's trading session.
The exchange rate bounced off from the weekly support level at 128.51 during the Asian session on Friday. Most likely, the EUR/JPY pair could edge higher during the following trading session.
However, a resistance level formed by the upper line of a descending channel pattern could provide resistance for the currency exchange rate today.
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