EUR/JPY likely to make pullback today - Technical Analysis - Dukascopy Bank
Fri, 12 Mar 2021 07:13:21 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
42%
-12.4%
Shorts
62%
58%
7.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
Upside risks dominated the common European currency against the Japanese Yen on Thursday. As a result, the currency pair surged by 76 pips or 0.59% during yesterday's trading session.
The exchange rate is likely to edge lower today. Bearish traders could target a support level at the 129.80 level during the following trading session.
However, given that technical indicators suggest buying signals on the 4H time-frame chart, the EUR/JPY currency exchange rate might continue to edge higher during the following trading session.
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