© Dukascopy Bank AS
-Martin van Viet, ING Financial Markets (based on Financial Times)
Pair's Outlook
EUR/JPY remains stable today trading in 20 pip range for the whole day and is does not have enough force to breach cluster of resistance levels at 98.749. technical indicators point at appreciation of the pair so it is highly likely the pair will continue to hover around 98.6.
Traders' Sentiment
Traders sentiment remains equally divided between long and short traders. However, for the third day in a row, 80% of all pending orders are buy orders indicating that traders are waiting for pair to breach a major resistance level.
© Dukascopy Bank AS