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– based on Forex Empire
Pair's Outlook
The common European currency remained almost flat against the Japanese Yen on Monday, as it struggled and did not manage to break the resistance put up by the newly formed monthly pivot point at 114.46. On Tuesday the pair moved lower and was trading below 114.00 level at 113.90 by 11:45 GMT. The currency exchange rate faces no support until the first weekly support at 112.93 is reached. However, daily aggregate technical indicators forecast no changes for the rate at the end of today's trading session.
Traders' Sentiment
Today 74% of all open positions are long, compared to 69% previously. Meanwhile, orders have shifted and are 52% long on Tuesday.
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