Technical Analysis

EUR/JPY could edge higher today
Mon, 19 Aug 2019 09:05:57 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs72%62%14.0%
Shorts28%38%-36.5%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

During the previous trading session, the European single currency appreciated by 52 basis points against the Japanese Yen.

Most likely, the currency pair might edge higher in the nearest future. Bulls could pressure the rate towards a psychological resistance level at 119.00 during the following trading session.

Although, the currency exchange rate needs to surpass the 100– and 200– hour simple moving averages at 118.21 and 118.38.

Meanwhile, technical indicators demonstrate that the EUR/JPY pair could continue to trade south today.


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