© Dukascopy Bank SA
- BNP Paribas SA (based on Bloomberg)
Pair's Outlook
Today the currency price spiked up to 129.13 from the rising support line, but was unable to get a foothold above it and as a result, returned back to 127.96/41, intactness of which safeguards the bullish outlook. There is also a support level at 126.98/87, but it is unlikely to play a major role in future fluctuation, such as changing EUR/JPY's direction, but at the same time should not be completely unnoticed.
Traders' Sentiment
Being that both currencies are losing their attractiveness among the SWFX marketplace participants, traders' sentiment stays neutral towards EUR/JPY—49% of positions are long and 51% are short. Concerning orders, 54% of them are to acquire the Euro against the Japanese Yen.
© Dukascopy Bank SA