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- Citigroup (based on Bloomberg)
Pair's Outlook
EUR/JPY continues to assault the monthly resistance at 130.30, but has not yet been successful at breaching this level that separates the currency pair from the major up-trend. If the situation develops further in accordance with the signals provided by the long-term technical indicators, then we may expect a rally at least until the recent high of 133.81.
Traders' Sentiment
The equality between the sizes of the bullish and bearish sides persists, being that each of them is taking precisely a half of the market, despite a considerable difference between the levels of popularity of the Euro and the Japanese Yen, since on average throughout their crosses the currencies are bought in 43% and 29% of cases respectively.
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