© Dukascopy Bank
- Fitch (based on Reuters)
пЃ® Industry outlook
Support at 102.99 has been violated and the price is currently headed toward a subsequent level at 102.49. From above the currency pair is capped by resistances situated at 104.91 and 105.72 which should halt rallies.
пЃ® Traders' sentiment
The share of long positions has considerably dropped in EUR/JPY market. Currently bullish traders are at a disadvantage, constituting 48.76% of market partcipants, whereas bearish ones are in majority, composing 51.24% of the market.
пЃ® Long position opened
Initial resistance area for the pair is situated at 103.53. Subsequent goals for the bullish market payers may be found at 104.34 and 104.79.
пЃ® Short position opened
Key support for EUR/JPY intraday trading is situated at 102.27. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 101.82 and 101.01.
© Dukascopy Bank