EUR/JPY curbed by 115.22

The currency pair currently lacks bullish momentum in order to carry on advancing. Resistance levels at 115.22 and 115.90 contain rallies, but should give in eventually, as suggested by daily and weekly technical indicators. Then 116.73 and 117.39/90 are to become of concern to bulls, as especially the latter one could prevent extension of the present surge and initiate a sell-off.

The tendency of expanding share of bullish market participants is being maintained, as now they constitute 58% of the market. Accordingly, the portion of bears has diminished to 42%. Buy orders placed on the pair substantially exceed sell orders, being 72% and 28% of the total amount, respectively.