© Dukascopy Bank SA
- Commonwealth Bank of Australia (based on Bloomberg)
Pair's Outlook
Today could be the eighth day during which EUR/JPY trades within the horizontal channel formed by the 55-day SMA at 129.88 from above and the monthly pivot point level at 128.57 from below. The lower boundary of the corridor is also reinforced by the 100-day SMA and the up-trend trend-line that together safeguard bullish outlook on the pair.
Traders' Sentiment
There were no changes with respect to the SWFX traders' sentiment towards EUR/JPY. As previously, there is a small 10% advantage of bears over bulls. Meanwhile, the difference between the amounts of buy (51%) and sell (49%) orders placed on the pair nearly vanished.
© Dukascopy Bank SA