© Dukascopy Bank SA
- Iéseg School of Management (based on The New York Times)
Pair's Outlook
EUR/JPY pair remains in a 122.45/124.00 range during the last trading session of this week. The price made a spike down, reaching a 121.44 level, which was a historical resistance in a previous price's rally. Currently the pair is at the monthly PP level at 122.45 and the closest support is the weekly PP level with the Bollinger band at 120.59.
Traders' Sentiment
Traders keep a stable situation in EUR/JPY pair, as bulls marginally increased their share by 1%, which now amounts to 48%. Pending orders segment is gently bullish, with 54% of orders waiting to buy the Euro versus the Japanese Yen.
© Dukascopy Bank SA