EUR/JPY likely to edge higher - Technical Analysis - Dukascopy Bank
Tue, 27 Apr 2021 06:06:43 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
26%
5.7%
Shorts
73%
74%
-2.1%
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)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
The Eurozone single currency surged by 49 pips or 0.38% against the Japanese Yen on Monday. The currency pair breached the resistance level at 130.48 during Monday's trading session.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for buyers will be near the weekly R1 at 131.09.
However, the resistance line at 130.91 might provide a barrier for bullish traders within this session.
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