EUR/JPY breakout could occur - Technical Analysis - Dukascopy Bank
Mon, 10 May 2021 06:19:27 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
30%
-2.6%
Shorts
71%
70%
1.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Sell
Stochastic(5;3;3)
Sell
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇒
⇗
The common European currency surged by 57 pips or 0.42% against the Japanese Yen on Friday. The currency pair tested the 132.40 level during Friday's trading session.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.
However, the resistance level at 132.40 could provide a barrier for bullish traders in the shorter term.
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.