EUR/JPY could still edge higher - Technical Analysis - Dukascopy Bank
Thu, 15 Apr 2021 05:59:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
27%
0.4%
Shorts
73%
73%
-0.1%
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 single European currency surged by 50 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
By and large, 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 130.80 level.
However, a resistance line at 130.66 could still provide resistance for the currency exchange rate within this session.
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