© Dukascopy Bank SA
- Westpac Banking Corp. (based on Bloomberg)
Pair's Outlook
EUR/JPY has prolonged its advance to five straight days and it seems that today easily could be the sixth consecutive one. Moreover, the pair is fluctuating around April and March highs at 143.48/79, these levels has not been seen since then. To our mind, the pair could go even higher; however, it will be dependant on the pair's ability to breach the next resistances (April and March highs) ahead. Also, the monthly technicals continue to be bullish.
Traders' Sentiment
The traders' sentiment has dropped back to 54%, after rebounding to 54% yesterday. Meaning that the amount of the pair's bulls is decreasing. The difference between the buy and sell orders is narrowing —59% and 41%, respectively.
© Dukascopy Bank SA