EUR/JPY consolidated above 128.60

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%60%-3.6%
Shorts42%40%4.8%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate

The EUR/JPY currency pair consolidated above the support level at 128.60 on Friday.

Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, the Japanese Yen could edge higher against the common European currency within the following trading session. The potential target for the exchange rate might be near the 128.00 level.

However, the support level at 128.60 could provide support for the currency exchange rate within Monday's trading session.

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