© Dukascopy Bank SA
- Banque Internationale a Luxembourg SA (based on Bloomberg)
Pair's Outlook
First three days of the week was very tranquil for EUR/JPY trading; however, yesterday the Euro bulls managed to break the silence by pushing the pair near the 149 level. Currently, the pair is trying to stabilise its positions above the previously mentioned major level. Most likely, this week the pair will remain to trade around the current levels; however, the next week could come with new highs and the 150 mark could be targeted.
Traders' Sentiment
Market sentiment remains almost unchanged as bears continue to hold 55% of all of the open positions on the pair. The distribution between the buy and sell orders is also quite stable—56% and 44% respectively.
© Dukascopy Bank SA