EUR/JPY buying signals

Note: This section contains information in English only.
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

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.

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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