EUR/JPY bulls could prevail - Technical Analysis - Dukascopy Bank
Mon, 15 Mar 2021 07:19:06 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
38%
0.7%
Shorts
62%
62%
-0.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Sell
Stochastic(5;3;3)
Sell
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇒
⇗
The common European currency surged by 52 pips or 0.40% against the Japanese Yen on Friday. The currency pair was pressured higher by the 50– hour simple moving average during last week's trading sessions.
All things being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for buyers will be near the weekly resistance level at 130.86.
However, a resistance level at 130.60 could provide resistance for the currency exchange rate in the shorter term.
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