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- Credit Agricole (based on Bloomberg)
Pair's Outlook
This week the common currency has lost some ground against the Yen; moreover, today it slid beneath the 20 and 55-day SMAs. Most likely the pair should maintain to trade above the 100-day SMA, at the same the time the pair is struggling to break the monthly PP at 141.70. Nonetheless, we see the pair moving north and breach the previously mentioned monthly PP.
Traders' Sentiment
The sentiment towards EUR/JPY has been slightly falling for seven trading days and it reached 44% today. Concerning the buy and sell commands placed, their numbers are completely identical at the moment.
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