EUR/JPY could edge up - Technical Analysis - Dukascopy Bank
Fri, 09 Apr 2021 05:44:34 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
36%
-23.3%
Shorts
71%
64%
9.5%
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
Buy
Buy
Aggregate
⇗
⇗
⇗
During the first half of Thursday's trading session, the Euro declined by 70 pips or 0.54% against the Yen. However, the currency pair rebounded from a support level at 129.65 at the end of the day.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for the EUR/JPY pair will be near the 130.60 area.
Although, a resistance cluster at the 130.30 level could provide resistance for the currency exchange rate within Friday's trading session.
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