Tue, Dec 01, 2020 @ 08:13 GMT
Home EUR/JPY Analysis: Selling Signals

EUR/JPY Analysis: Selling Signals

Downside risks have continued to dominate the Eurozone currency against the Japanese Yen. The currency pair declined by 88 pips or 0.72% during Thursday’s trading session.

Technical indicators suggest selling signals on the 4 hour and daily time-frame charts. Most likely, bears could continue to pressure the exchange rate lower within this session.

However, a support cluster formed by the weekly S3 and the monthly S1 near the 121.72 area could provide support for the currency exchange rate during the following trading session. currency exchange rate during the following trading session.

Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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