EUR/JPY bounces off support

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs25%27%-7.9%
Shorts75%73%2.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇗

[ANNOUNCE]The common European currency fell by 46 pips or 0.35% against the Japanese Yen on Thursday. The currency pair tested the 130.03 level during Thursday's trading session.[/ANNOUNCE]

The exchange rate bounced off from the support line at 130.03 during the Asian session on Friday. Most likely, the EUR/JPY pair could continue to edge higher during the following trading session.

However, a resistance cluster near the 130.28 area could provide resistance for the currency exchange rate in the shorter term.

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