EUR/JPY bearish signals

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

Positions Today Yesterday % Change
Longs 36% 42% -16.67%
Shorts 64% 58% 9.37%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The common European currency continues to depreciate against the Japanese Yen for the third consecutive sessions. The currency pair fell down to the monthly support near 131.52. 

During the middle of Friday's trading session, the exchange rate was trading near the upper boundary of a channel down for a likely breakout, however, the combination of the 55- and 100-hour SMAs is restricting the pair to make such a movement. 

Regarding near future, the EUR/JPY pair is likely to remain bearish until it finds support at the weekly pivot point at 131.14. 

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