EUR/JPY could edge up - Technical Analysis - Dukascopy Bank
Fri, 19 Feb 2021 07:06:40 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
41%
-22.5%
Shorts
66%
59%
11.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The single European currency surged by 46 pips or 0.36% against the Japanese Yen on Thursday. The currency pair tested a resistance cluster at 127.83 during yesterday's trading session.
Technical indicators suggest that the exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be near the 128.40 area.
However, a resistance level formed by the weekly R2 at 127.83 could provide a barrier for bulls within this session.
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