EUR/JPY could still edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%27%0.4%
Shorts73%73%-0.1%
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 single European currency surged by 50 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.[/ANNOUNCE]

By and large, the exchange rate is likely to continue to edge higher during the following trading session. The potential target for the EUR/JPY pair will be near the 130.80 level.

However, a resistance line at 130.66 could still provide resistance for the currency exchange rate within this session.

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