EUR/JPY bounces off support - Technical Analysis - Dukascopy Bank
Fri, 16 Apr 2021 06:08:53 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
25%
27%
-7.9%
Shorts
75%
73%
2.6%
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 common European currency fell by 46 pips or 0.35% against the Japanese Yen on Thursday. The currency pair tested the 130.03 level during Thursday's trading session.
The exchange rate bounced off from the support line at 130.03 during the Asian session on Friday.
Most likely, the EUR/JPY pair could continue to edge higher during the following trading session.
However, a resistance cluster near the 130.28 area could provide resistance for the currency exchange rate in the shorter term.
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