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- ING Groep NV (based on Bloomberg)
Pair's Outlook
The EUR/JPY currency couple touched the 139 mark today, after declining below this level last week. The technical indicators have not changed since last time of writing, as the daily and monthly ones are pointing to the upside. Even though the pair has not managed to stabilise its position above the major level at 139 we expect it to happen this week. However, the downside risk remains as there are no reliable support level near the current trading level.
Traders' Sentiment
At the moment the amount of bullish and bearish traders is completely identical, the same as on Friday. The distribution between the buy and sell orders; however, has changed —56% and 44% respectively.
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