EUR/JPY could push higher - Technical Analysis - Dukascopy Bank
Tue, 16 Mar 2021 06:40:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
37%
38%
-2.7%
Shorts
63%
62%
1.6%
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 single European currency declined by 41 pips or 0.31% against the Japanese Yen on Monday. The EUR/JPY currency pair breached the 50– hour simple moving average during yesterday's trading session.
Technical indicators flash buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could edge higher within the following trading session.
However, a resistance level at 130.45 could provide a barrier for buyers during Tuesday's trading session.
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