EUR/JPY remains near 126.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs40%53%-30.2%
Shorts60%47%20.5%
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralSellSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The common European currency made about 57 basis points or 0.45% move against the Japanese Yen on Friday. The currency pair tested the weekly pivot point at 125.76 during Friday's trading session.

Currently, the EUR/JPY exchange rate is trading near the monthly resistance level at 126.48.

If the resistance line holds, a decline towards weekly PP at 125.76 could be expected today.

However, if the currency exchange rate breaks the monthly R1, bullish traders are likely to pressure the price towards the 127.00 level within this session.

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