EUR/JPY breakout occurs - Technical Analysis - Dukascopy Bank
Mon, 19 Apr 2021 05:54:44 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
25%
7.9%
Shorts
73%
75%
-2.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇒
The Eurozone single currency has declined by 82 pips or 0.63% against the Japanese Yen since Friday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Monday.
The exchange rate bounced off a support level at 129.66 on Monday morning. Most likely, the EUR/JPY pair could continue to edge higher during the following trading session.
However, a resistance cluster formed by the 50– and 200– hour SMAs and the weekly pivot point at 130.25 could provide resistance for the currency exchange rate within this session.
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