EUR/JPY stays pressed by bears; heading towards 96.21

The Euro continues mildly declined against the Japanese Yen. If bearish momentum intensifies, 96.21 (Upper support line; S1 Weekly) is going to be an initial support level among currency traders. 95.60 (June 1 Low) and 95.11 (S2 Weekly) are likely to be next once an initial level is pierced.

EUR/JPY traders' sentiment is bullish as 67% of investors are currently holding long positions and 33% of market participants keep short positions. Allocation of pending orders hints that 68% of investors anticipate the pair to bounce from the all-time lows and reiterate bullish trend.