EUR/JPY supported by 50– hour SMA - Technical Analysis - Dukascopy Bank
Tue, 18 May 2021 06:09:00 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
29%
3.9%
Shorts
70%
71%
-1.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇒
The common European currency declined by 41 pips or 0.31% against the Japanese Yen on Monday. The decline was stopped by the 50– hour simple moving average during yesterday's trading session.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could edge higher during the following trading session.
However, bullish traders are likely to encounter resistance at 132.04 within this session.
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