"We are staying mildly bullish in the cross."
— ActionForex (based on Investing.com)
Pair's outlook
The European common currency was trading with low volatility during the morning session, resulting in slight appreciation against the Yen. EUR/JPY was stranded in a small range between the weekly PP and the 20-day SMA at 124.82 and 124.44, respectively. Smaller time-frames demonstrate that a close above the former has been a challenge for the Euro; thus, a breach of the 124.82 mark might signal that further appreciation is set to occur. The rate managed to penetrate the given level during the last two trading hours; however, a close in the area is still expected in order to confirm the bullish outlook.
Traders' sentiment
The bearish sentiment has decreased in this trading session, as 52% of open positions are short. Meanwhile, pending orders are neutral today, standing at 50%.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -4% | -14% | -20% | |
| Orders | 0% | -4% | 12% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| ADX (14) | Buy | Neutral | Neutral | |
| CCI (14) | Neutral | Neutral | Sell | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ↗ | ↗ | ↘ | |