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- Mizuho Bank Ltd. (based on Bloomberg)
Pair's Outlook
The EUR/JPY cross is hovering around the 140 level after it has rebounded from the 200-day SMA and July high around 139.30 today. The situation has not changed much since yesterday, if it manages to close above the major level at 140, then a test of the 141 mark is likely. However, if the Euro fails to consolidate above the 140 level then a drawback towards the 200-day SMA seems realistic.
Traders' Sentiment
The sentiment towards the pair has not changed since yesterday, as slight majority (51%) of the traders believe that the pair is more likely to decline. At the same time the gap between the buy (59%) and sell (41%) orders is widening.
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