EUR/JPY buying signals

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs53%58%-8.0%
Shorts47%42%9.2%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇗

[ANNOUNCE]The Eurozone single currency surged by 64 pips or 0.52% against the Japanese Yen on Friday. The currency pair was pressured higher by the 50– and 100– hour simple moving averages.
[/ANNOUNCE]
Technical indicators flash buying on all time frames. Most likely, buyers will continue to pressure the EUR/JPY exchange rate higher during the following trading session.

However, the weekly resistance level at 122.98 could provide resistance for the currency exchange rate within this session.

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