EUR/JPY bullish trend likely to continue - Technical Analysis - Dukascopy Bank
Wed, 28 Apr 2021 06:44:10 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
27%
5.5%
Shorts
71%
73%
-2.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Sell
Stochastic(5;3;3)
Sell
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇒
Upside risks dominated the EUR/JPY currency pair on Tuesday. The common European currency edged higher by 86 pips or 0.66% against the Japanese Yen during Tuesday's trading session.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate is likely to continue to trend bullish during the following trading session.
However, the weekly resistance level at 131.72 could provide resistance for the currency exchange rate in the shorter term.
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