EUR/JPY buy signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%50%-7.2%
Shorts54%50%6.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇒

[ANNOUNCE]The 50– hour simple moving average guided the common European currency against the Japanese Yen. The currency pair breached the 122.80 area during yesterday's trading session. [/ANNOUNCE]

Everything being equal, the exchange rate could continue to edge up within this session. Bullish traders are likely to aim for the 123.50 marks.

However, a resistance cluster formed by the weekly R2 and the monthly R1 at 122.98 could provide resistance for the currency exchange rate during the following trading session.

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