EUR/JPY moving lower on Friday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The EURJPY shows instability due to the continuous negative pressures coming by the main indicators, affected by the stability of 112.50 support that blocks any new negative attack ‘'
- based on economies.com

Pair's Outlook 
The common European currency fell below the first weekly support line at 112.93 on Thursday against the Japanese Yen, as the pair ended day's trading session at 112.67. In the first half of Friday's trading session, the currency exchange rate has moved slightly lower, as it is trading at 112.60, which is only seven pips lower. Daily aggregate technical indicators forecast a fall for the pair in the rest of the session.

Traders' Sentiment 
Traders are more bullish on the pair, as 61% of open positions are long on Friday, compared to 54% yesterday. Meanwhile, orders have become bullish on Wednesday, as 51% of pending commands are long.
© Dukascopy Bank SA
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