EUR/JPY struggling with 142 JPY

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Wage growth will be weak or negative in much of the region. This will intensify deflationary pressures and, ultimately, force the ECB into further action."
- Capital Economics (based on The Wall Street Journal)

Pair's Outlook
Pair is continuing to demonstrate the propensity to advance above the 142 JPY, but wasn't able to do so whole last week. We do not expect it will manage to do so until the end of the week either. In case it starts the new week above the 142 JPY, we are almost certain we will see some bearishness and the pair will return below the mentioned level. However, it should not trail much lower than that in the short term.

Traders' Sentiment
For the second day in a row there is effectively no change in the market sentiment. Bulls continue to account for 40% of all of the market participants. Bullish side of pending orders increased by 1% since yesterday and is at 70% gauge at the moment.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.