EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Tue, 13 Apr 2021 06:18:01 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
27%
-3.2%
Shorts
74%
73%
1.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The Eurozone single currency declined by 64 pips or 0.49% against the Japanese Yen on Monday. The exchange rate breached the 50– and 200– hour SMAs during yesterday's trading session.
The exchange rate bounced off the lower line of an ascending channel pattern by the end of Monday's trading session. Most likely, the EUR/JPY pair could continue to edge higher today.
However, a resistance level at 130.66 could provide resistance for the currency exchange rate within this session.
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