© Dukascopy Bank SA
- Barclays Plc. (based on Bloomberg)
Pair's Outlook
The European currency has performed explicitly well against its Japanese peer this week, as the pair has appreciated around 250 pips since Monday opening. Now, today the pair has moved even closer to the 139 level, which has not been touched since the 4th of July. However, the shorter term technical studies remain mixed, while the monthly ones are pointing to the north. More significant obstacle will be the cluster of resistances around 139.20 level.
Traders' Sentiment
The sentiment with respect to EUR/JPY stays slightly bearish—51% of all open position are long, though five days ago they took up 74% of the market. In the meantime, the share of sell orders slipped from 60% down to 55%.
© Dukascopy Bank SA