EUR/JPY could continue to edge up - Technical Analysis - Dukascopy Bank
Tue, 20 Apr 2021 06:28:49 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
27%
10.7%
Shorts
70%
73%
-4.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇒
The common European currency has surged by 80 pips or 0.62% against the Japanese Yen since yesterday's trading session. Bullish traders were unable to break the 130.54 level.
All things being equal, the EUR/JPY exchange rate is likely to continue to edge up within this session. A breakout from the resistance level, as mentioned above, could occur.
However, if the resistance line at 130.54 holds, bears could pressure the currency exchange rate lower during the following trading session.
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