EUR/JPY buying signals - Technical Analysis - Dukascopy Bank
Mon, 08 Feb 2021 07:32:14 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
41%
43%
-4.3%
Shorts
59%
57%
3.0%
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)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
Upside risks dominated the EUR/JPY currency pair during Friday's trading session. As a result, the Euro surged by 75 pips or 0.60% against the Yen on Friday.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Bullish traders will most likely continue to pressure the exchange rate higher during the following trading session. The possible target for bulls would be near the 127.60 area.
However, the weekly R1 at 127.33 could provide resistance for the currency exchange rate within this session.
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