© Dukascopy
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- State Street (based on CNBC)
Industry outlook
The euro-Japanese yen currency pair is recovering after a test of 100.43. Additional support is provided by the levels at 100.00 and 99.85. Rallies on the other hand are capped by 104.96, 107.00 and 107.97.
Traders' sentiment
Many long positions were closed yesterday, as the share of bullish traders has noticeably dropped down to 53.46%. Consequently, the share of market participants with shorts has increased up to 46.54%.
Long position opened
Initial resistance area for the pair is situated at 103.46. Subsequent goals for the bullish market players may be found at 103.98 and 105.40.
Short position opened
Key support for EUR/JPY intraday trading is situated at 102.04. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 101.14 and 99.72.