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- President of the European Council (based on The Guardian)
Pair's Outlook
It seems pair gained some momentum as it continues to appreciate after receiving bullish impetus when it dipped to 106 JPY. At the moment pairs outlook is strongly bullish suggesting that we should see an attempt to breach 107.63 and recent high at 107.9 in the course of this week.
Traders' Sentiment
Week gave promising start for bears, but amount of them in the market stumbled and at the moment they hold rather slim majority, 53% to be exact, of all positions on the pair. However, majority (53%) of pending orders are to go short as well, suggesting that we should continue seeing bearish market.
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