EUR/JPY receives additional boost from 102.765

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It has been a game changer, and Draghi has done the heavy lifting."
-Merk Investments (based on Bloomberg) 

Pair's Outlook

Pair posted for possible return back below 100, but appreciated further after receiving boost from Fibonacci (50% of move since 21st of March, 2012) at 102.765. However, pairs downside risk persists and probability of bearish correction in the near future increases further.

Traders' Sentiment
Traders switched sides during the weekend—at the moment 56% of all open positions on the pair are long. In addition, 57% of pending orders are buy orders suggesting that we should see further strengthening in the bullish sentiment.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.