EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Tue, 11 May 2021 05:40:39 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
29%
-5.0%
Shorts
72%
71%
1.9%
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 single European currency declined by 54 pips or 0.41% against the Japanese Yen on Monday. The decline was stopped by the 50– hour simple moving average during Monday's trading session.
The exchange rate bounced off the 50– hour SMA at 132.00 during the Asian session on Tuesday. Most likely, the EUR/JPY currency pair could edge higher within today's session.
However, the weekly resistance level at 132.49 could provide resistance for the currency exchange rate in the shorter term.
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