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- Societe Generale SA. (based on Bloomberg)
Pair's Outlook
The EUR/JPY pair did not move anywhere far from the last trading day close. Throughout most of active market hours, the cross managed to go higher from 141.183 to 141.728, yet, lost the momentum and went back to trade within the Bollinger band. On a weekly chart, the pair looks like to be rebounding from the 55-day SMA at 140.516. The next support levels for the test are situated at the 200– SMA and weekly S3 at 140.298, which is also the 61.80% Fibonacci.
Traders' Sentiment
None of the traders placed the 50– pip long pending orders Today. However, the 100-pip ones are placed for 44.44% of traders, who are waiting for the pair to appreciate.
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