EUR/JPY restricted by weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 34% 34% 0.00%
Shorts 66% 66% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Buy Neutral
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The single European currency continued to lose ground against the Japanese Yen. By the end of Friday's trading session, the exchange rate has reached a low at 131.87. 

Bulls tried making some gains during the early hours of Monday's session, however, a resistance formed by the weekly pivot point at the 132.56 mark prevented such gain.

As for near future, the EUR/JPY currency exchange rate is likely to continue its decline until it reaches a support level at 131.64 set by the weekly PP. In the meantime, technical indicators flash mixed signals.  

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