EUR/JPY touches 100-day SMA at 141.04

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"But geopolitical risks are not having too much of an impact on currencies with most investors still focussed on growth prospects. If risk sentiment improves, the yen will be sold off." 
- 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.
© Dukascopy Bank SA

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