EUR/JPY sellers could prevail - Technical Analysis - Dukascopy Bank
Thu, 22 Apr 2021 05:58:14 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
31%
-21.1%
Shorts
74%
69%
7.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Buy
Neutral
Sell
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇘
⇗
⇒
The common European currency rose by 42 pips or 0.32% against the Japanese Yen on Wednesday. The surge was stopped by the 50– hour simple moving average during yesterday's trading session.
Technical indicators flash sell signals on the 4H time-frame chart. Most likely, sellers could pressure the EUR/JPY exchange rate lower during the following trading session.
However, a support level at 129.66 could provide support for the currency exchange rate within this session.
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