EUR/JPY targets at 127.10 - Technical Analysis - Dukascopy Bank
Fri, 18 Dec 2020 07:51:45 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
37%
34%
6.6%
Shorts
63%
66%
-3.8%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Buy
Buy
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The common European currency edged higher by 48 points or 0.38% against the Japanese Yen on Thursday. The currency pair breached the weekly resistance level at 126.54 during the Asian session on Friday.
Technical indicators flash buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could continue to surge within the following trading session. The possible target for bulls would be near the weekly R2 at 127.10.
However, the currency exchange rate could reverse from the current price level at 126.63 and target the 50-, 100– and 200– hour SMAs at 126.23 today.
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