EUR/JPY bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%61%-6.8%
Shorts43%39%9.0%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

Downside risks dominated the common European currency against the Japanese Yen on Friday. The EUR/JPY currency pair plunged by 148 basis points or 1.17% during Friday's trading session.

The exchange rate has bounced off the bottom line of an ascending channel pattern at 125.30. Most likely, bulls could pressure the price higher during the following trading session.

However, a resistance level at 126.10 could provide resistance for the currency exchange rate within this session.

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