EUR/JPY could push higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs37%38%-2.7%
Shorts63%62%1.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellSell
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The single European currency declined by 41 pips or 0.31% against the Japanese Yen on Monday. The EUR/JPY currency pair breached the 50– hour simple moving average during yesterday's trading session.

Technical indicators flash buying signals on the 4H, daily and weekly time-frame charts. Most likely, the exchange rate could edge higher within the following trading session.

However, a resistance level at 130.45 could provide a barrier for buyers during Tuesday's trading session.

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