EUR/JPY remains within range

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%51%-6.8%
Shorts52%49%6.3%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)SellBuyBuy
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The EUR/JPY currency pair traded between the range of 125.97/125.40 during Friday's trading session. The exchange rate breached the lower boundary of an ascending channel pattern on Friday.

Technical indicators demonstrate buying signals on the daily time-frame chart. Most likely, bullish traders will pressure the euro higher during the following trading session.

However, a resistance cluster formed by the weekly pivot point and the 100– hour SMA at 126.00 could provide resistance for the currency exchange rate within this session.

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