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- Sigmar Gabriel (based on BBC news)
Pair's Outlook
The EUR/JPY went up from the previous lows at 132.71 and briefly touched the 100% Fibonacci. During the day, the pair found a good consolidation point for itself and settled at the May 2013 high level at 133.79. The cross is currently being in a normal trading condition, as the RSI ticks higher. Yet, the Alligator indicator is still bearish together with the 55– day SMA. Meanwhile, the 100– and 200– day SMA's are sliding on a plateau.
Traders' Sentiment
54% of all the trades are set to buy. The 50– pip pending orders are completely bought since traders are highly bullish. However, the 100-pip ones are bought by 47% of the market participants.
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