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- Deltec International Group (based on Bloomberg)
Pair's Outlook
The EUR/JPY managed to mildly cover some previous losses by rebounding from the weekly S3 at 135.029. By looking on a 4– hour time-frame it is seen that the pair is currently fluctuating between the October low at 135.509 and the level mentioned earlier. Overall, the pair is in the third consecutive weekly loss. Both the 100– and 200– day SMA's are undefined and stay at a plato.
Traders' Sentiment
52% of opened positions are set to be long. Meanwhile, none of the market participants hold their 50– pip pending orders, whereas the 100– pip orders are set long for 22%.
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