EUR/JPY respects the trend

Source: Dukascopy Bank SA
© Image watermark
"In agreement with significant concessions for Greece may raise the perception of risks in Spain, resulting in significantly greater downside risk for the euro." 
- Jefferies (based on Reuters)


Pair's Outlook
The EUR/JPY pair proceeds to trade within an up trend and the price slid below the weekly Pivot point at 135.24. Yet, the cross was little volatile on Monday with mild trading volume. In case of a further appreciation of the Euro versus the Yen, a next resistance level should persist at October 2014 low level at 135.586. The downside scenario is limited by the trend bottom line at 134.552.


Traders' Sentiment
The pair is being sold by half of the market participants for fifth consecutive trading day. 53% of all are willing to buy the pair, though, once it declines 50– pip to the downside. Meanwhile, the 100– pip pending orders are placed to buy for 61% of the case.
© Image watermark

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.