EUR/JPY retraces back to dominant support

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

Positions Today Yesterday % Change
Longs 53% 49% 7.55%
Shorts 47% 51% -8.51%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The common European currency has retraced from the previous high levels against the Japanese Yen. In fact the rate had reached the lower trend line of a long term ascending channel pattern. 

Due to that reason on Friday the main attention was exactly on that trend line. If it gets passed the next target would be near the 132.15 mark, where a pivot point was located at. 

Meanwhile, the pair faced various moving resistance levels, which were barring it from resuming the previous surge.  

In addition, note the highly increased hourly volatility of the pair.

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