EUR/JPY gains on speculation

The pair is on a positive track today, as the price increases through an interception point of the weekly pivot point and the 20-day SMA at 131.51. Investors enlarge the share of more risky assets in their portfolios on speculation that consumer confidence data in the U.S. will indicate expansion and lead to a stable growth. The closest resistance is at 133.31, where the Bollinger band merges with the weekly R1 level.

The gap between the bulls and bears fluctuates rather noticeably, as today the bearish side contains only a 55% share. Pending orders segment is bullish, since 52% of all placed orders are the buy ones.