EUR/JPY targets at 130.66 - Technical Analysis - Dukascopy Bank
Wed, 14 Apr 2021 06:16:31 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
26%
2.2%
Shorts
73%
74%
-0.8%
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)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The EUR/JPY currency pair bounced off a support level formed by the weekly S1 at 129.81 on Tuesday. As a result, the Euro surged by 53 pips or 0.41% against the Yen during yesterday's trading session.
All things being equal, the currency exchange rate could continue to edge higher during the following trading session. The potential target for buyers will be near the 130.66 level.
However, bullish traders are likely to encounter resistance at 130.45 during Wednesday's trading session.
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