EUR/JPY bullish sentiment today

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 54% 54% 0.00%
Shorts 46% 46% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) 0 0 0
RSI (14) 4H 1D 1W
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Upside risks dominated the single European currency against the Japanese Yen on Friday. The currency pair appreciated about 134 base points during Friday's trading session.

Monday's trading session began with a bullish sentiment and by the middle of the day, the exchange rate was moving towards a resistance level formed by the weekly R1 at 126.03.

Most likely, the short-term target for the currency exchange rate will be near a swing high at 127.13.

Although, the EUR/JPY is expected to make a brief pull-back from a resistance level at 126.03 today.

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