EUR/JPY bulls likely to prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs55%62%-11.6%
Shorts45%38%14.4%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇘⇒

[ANNOUNCE]On Friday, the common European currency edged higher by 83 pips or 0.64% against the Japanese Yen. The currency pair breached the resistance level at 129.50 during Friday's trading session.
[/ANNOUNCE]
All things being equal, the exchange rate could continue to trend higher during the following trading session. The potential target for the EUR/JPY pair will be near the 131.50 area.

However, the currency exchange rate may encounter resistance at 130.73 within this session.

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