EUR/JPY trades above 129.60 - Technical Analysis - Dukascopy Bank
Fri, 23 Apr 2021 06:22:40 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
26%
4.7%
Shorts
73%
74%
-1.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Buy
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇗
⇗
The common European currency declined by 63 pips or 0.48% against the Japanese Yen on Thursday. The currency pair tested the support level at 129.66 during Thursday's trading session.
If the EUR/JPY exchange rate breaks the support line, as mentioned above, a decline towards the 129.20 area could be expected during the following trading session.
However, if the support level at 129.66 holds, bullish traders are likely to pressure the currency exchange rate higher towards the 130.40 region within the following trading hours.
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