EUR/JPY bulls could prevail - Technical Analysis - Dukascopy Bank
Mon, 15 Feb 2021 07:12:16 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
39%
41%
-4.4%
Shorts
61%
59%
2.8%
Indicator
4H
1D
1W
MACD(12;26;9)
4H
1D
1W
RSI(14)
Buy
Buy
Buy
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The Eurozone single currency has surged by 59 pips or 0.46% against the Japanese Yen since Friday's trading session. The currency pair breached the weekly resistance level at 127.48 during the Asian session on Monday.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. The exchange rate will most likely continue to edge higher during the following trading session.
However, a resistance line at 127.60 could provide resistance for the currency exchange rate in the shorter term.
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