EUR/JPY could edge higher - Technical Analysis - Dukascopy Bank
Fri, 12 Feb 2021 07:04:50 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
41%
38%
6.7%
Shorts
59%
62%
-4.7%
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
⇗
⇗
⇗
The common European currency surged by 44 pips or 0.35% against the Japanese Yen on Thursday. The currency pair breached a resistance line at 127.12 on Friday morning.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could continue to edge higher during the following trading session.
However, the weekly R1 at 127.33 could provide resistance for the currency exchange rate within today's trading session.
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