EUR/JPY likely to make brief pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%47%5.6%
Shorts50%53%-5.7%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Upside risks dominated the common European currency against the Japanese Yen on Friday. The currency pair surged by 126 points or 1.02% during Friday's trading session.

All things being equal, the exchange rate could continue to trend bullish during the following trading session. The potential target for the EUR/JPY pair would be at the 125.56 level.

However, the currency exchange rate is expected to make a brief retracement towards the 124.00 mark today.

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