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- Daiwa Securities Group Inc. (based on Bloomberg)
Pair's Outlook
EUR/JPY has slid below May high at 142.45 earlier today, after appreciating almost 200 pips in the last week. If last week's gains are added with the ones in the week before then EUR/JPY have jumped more than 600 pips. Nonetheless, the daily and monthly technical indicators are still bullish, hence according to them the pair will continue to advance. For now, the pair looks supported by the weekly PP and May high at 142.45.
Traders' Sentiment
The traders' sentiment has increased slightly since the last time of writing as 58% of them have opened short positions on the pair. Concerning the orders placed 100 pips from the spot, there are now more commands to buy—55%.
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