EUR/JPY likely to retest monthly resistance

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

Positions Today Yesterday % Change
Longs 33% 33% 0.00%
Shorts 67% 67% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The common European currency showed some miraculous decline against the Japanese Yen during Monday's trading session. The decline started after the ECB president's speech. 

Bulls tried to gain some lost points during the middle of the European trading session, however, the surge was stopped by the 200—hour simple moving average in combination with the weekly pivot point near the 135.88 mark. 

The bearish movement is likely to take over the pair to retest the support line of the weekly pivot point at 133.99.

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