© Dukascopy Bank SA
- Goldman Sachs (based on Bloomberg)
Pair's Outlook
After reaching the highest level since April at 142.56 a day earlier, the Europe's shared currency has lost its very bullish steam. Nonetheless, the EUR/JPY cross is still hovering at the highest levels seen in the second part of the year. Even more, the technical studies are more to the upside, thus the current standstill does not mean that the bullish trend is over. If the pair does not slide below the major level at 142 then the weekly and monthly R1 will be targeted.
Traders' Sentiment
The traders' sentiment has changed considerably since yesterday, since the amount of bullish traders has increased from 45% to 54% today. At the same time the gap between the buy (63%) and sell (37%) orders is narrowing.
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