EUR/JPY
On Tuesday, the common European currency edged higher by 55 pips or 0.41% against the Japanese Yen. The 50– hour simple moving average continued to pressure the currency pair higher.
Technical indicators suggest buying signals on the 4H, daily, and weekly time-frame charts. Buyers are likely to target the 134.00 level during the following trading session.
On the other hand, the currency exchange rate might make a retracement towards the 132.81 area within this session.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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