EUR/JPY gains from 131.82

The pair is traded slightly above yesterday's high, as it gains from the weekly pivot point at 131.82. EUR/JPY remains in the upper part of the Bollinger band, above the major SMAs. Also analysts consider a possibility of further weakening of the Yen as a very realistic option, therefore it is likely that the pair will continue to strengthen after a period of flat movement, which currently takes the scene.

Sellers slightly stepped back, as the bearish share contacted by 3% to 58%. Mostly traders close their positions and wait for more action, which might be sparked by important news in the second part of a week. Pending orders market is bullish with 57% of buy orders waiting to purchase the Euro versus the Yen.