© Dukascopy Bank
"The market continues to wait for political leaders to make political decisions on the future of the euro zone"
- BNY Mellon (based on CNBC)
пЃ® Industry outlook
While a key resistance located at 102.98 is intact, the bias will remain bearish for the currency pair. At the moment EUR/JPY is heading toward 101.04, a break of which will imply the possibility of decline down to 99.92.
пЃ® Traders' sentiment
The Japanese Yen has become the least popular currency across the markets. Thus yet again the vast majority of market participants deem EUR/JPY bullish, since 84.13% of them stay long on the pair, while merely 15.87% keep on holding short trades.
пЃ® Long position opened
Initial resistance area for the pair is situated at 102.32. Subsequent goals for the bullish market payers may be found at 102.65 and 102.95.
пЃ® Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 101.69, 101.39 and 101.06.
© Dukascopy Bank