EUR/JPY increases from the weekly PP

Consolidation in EUR/JPY continues further, as today the price failed to breach a 125.00 benchmark. Ongoing situation is very ambiguous, since the pair is traded in the upper part of Bollinger band and above the major SMAs, but these facts do dot enable the pair to move higher easily. Actually, it seems that EUR/JPY is under bearish pressure, as the price gradually decreases and the closest support would be the 100-day SMA, which has not been overcome since July, 2012.

SWFX market provides a low degree of bearish sentiments, being that the sell side has a 51% market share. Waiting orders segment notifies of market's willingness to buy on dips, orders to acquire the Euro are already 66% of the total amount