EUR/JPY remains stuck at the weekly R1

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
"No one can predict the consequences of a Grexit other than that a lot of Greece's debts would have to be written off and at the same time monetary help would be necessary." 
- Horst Seehofer, Bavarian state premier (based on Reuters) 

Pair's Outlook 
The EUR/JPY cross remained relatively unchanged on Tuesday, as it was glued to the weekly R1. The situation today is similar to the yesterday's, with the strong cluster around 137.15 providing substantial resistance and the group of important levels around 135.55 providing solid support. Trade is expected to remain within the borders of those clusters, but the weekly R1 still refuses to let the Euro go, as the currency pair appears to be anchored around it. Technical studies retain mixed signals, thus, we should see the Euro remain unchanged again, with a slight shift to the downside. 

Traders' Sentiment 
Bulls and bears broke out of the equilibrium, as 52% of all positions are long now. The share of purchase orders slid from 72 to 65%.
© Dukascopy Bank SA
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