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- Danske Bank (based on CNBC)
Pair's Outlook
EUR/JPY has already pierced through some of the resistances and is currently testing 145.18/04 that mainly consists of the monthly R2 and the up-trend resistance line. If the buying pressure persists and this supply zone is breached, 147.00 could become the next target. There the currency pair is likely to hit the upper boundary of the bullish channel that has been developing since Nov 7.
Traders' Sentiment
The share of open short positions in the SWFX market stays exactly the same as yesterday, when 59% of positions were short. The distribution between the orders, on the other hand, is highly unstable. Now, as five days ago, the number of buy ones (80%) greatly exceeds the number of sell ones (20%).
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