EUR/JPY consolidated below 131.21

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%55%-9.9%
Shorts50%45%9.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The common European currency consolidated below the 131.21 level against the Japanese Yen on Tuesday. The currency pair traded between the 130.50/131.21 area during Tuesday's trading session.

Technical indicators suggest buying signals on the daily time-frame chart. Most likely, the EUR/JPY exchange rate could edge higher within this session.

However, the resistance level at 131.21 might still provide resistance for the currency exchange rate during the following trading session.

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