EUR/JPY buying signals - Technical Analysis - Dukascopy Bank
Tue, 15 Dec 2020 07:59:21 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
36%
38%
-6.3%
Shorts
64%
62%
3.6%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Buy
Buy
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Neutral
Buy
Buy
Aggregate
⇒
⇗
⇗
The common European currency surged by 65 points or 0.52% against the Japanese Yen on Monday. The currency pair tested the weekly resistance level at 126.54 during yesterday's trading session.
All things being equal, the EUR/JPY exchange rate could continue to trend higher during the following trading session. The potential target for bullish traders would be near the 127.00 area.
However, the weekly R1 at 126.54 could still provide resistance for the currency exchange rate on Tuesday.
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