EUR/JPY bulls likely to prevail - Technical Analysis - Dukascopy Bank
Mon, 17 May 2021 06:55:37 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
30%
-0.9%
Shorts
71%
70%
0.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇒
The Eurozone single currency surged by 58 pips or 0.44% against the Japanese Yen on Friday. The currency pair breached the resistance level at 132.04 during the Asian session on Monday.
All things being equal, the 50– hour simple moving average could provide support for bullish traders to drive the EUR/JPY exchange rate higher during the following trading session.
However, buyers are likely to encounter resistance near the 133.00 level during this session.
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