EUR/JPY nears 132.50 level - Technical Analysis - Dukascopy Bank
Thu, 13 May 2021 05:44:40 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
27%
3.2%
Shorts
72%
73%
-1.2%
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)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The common European currency surged by 70 pips or 0.53% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average during Wednesday's trading session.
Currently, the EUR/JPY exchange rate is trading near the resistance level at the 132.52 area.
If the resistance line holds, a decline towards the 132.00 regions could be expected within this session.
However, if the currency exchange rate breaks the resistance level, bullish traders could target the weekly R2 at 132.93 today.
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