EUR/JPY bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs30%34%-14.2%
Shorts70%66%6.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

During the first half of yesterday's trading session, the Eurozone single currency declined by 63 pips or 0.48% against the Japanese Yen. However, the Euro rebounded from a support level at 129.85 at the end of the day.

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

Although, a resistance level at 130.53 could provide resistance for the EUR/JPY currency exchange rate in the shorter term.

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