© Dukascopy Bank SA
- SMBC Friend Securities Co. (based on Bloomberg)
Pair's Outlook
Today the pair slipped below the 138 mark, but later recovered, after breaking the weekly PP at 138.07 day earlier. Looking at shorter term (daily and weekly) technical indicators we see a bearish signals; although, looking towards a longer time horizon we see more bullish signs. The bullish traders should be careful around the major level at 139. Before this level there is a cluster of resistance levels (weekly R1, 55-day SMA and monthly PP).
Traders' Sentiment
The sentiment towards EUR/JPY has not changed since yesterday, it remains almost neutral with 51% of traders short. Concerning the buy and sell commands placed, their numbers are also almost identical at the moment, 48% and 52% respectively.
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