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Pair's Outlook
The EUR/JPY currency pair experienced minor volatility on Monday, which in turn was limited by the immediate support and resistance clusters. Ultimately, the cross remained flat, while the risk of the support trend-line getting pierced grew, as technical indicators shifted to distinctly bearish. However, there are no clear market movers present today, suggesting the down-trend could hold the losses, whereas the monthly S2 and the Bollinger band are to provide additional support around 126.80. Meanwhile, the weekly PP and the monthly S1 retain their roles as the closest resistance.
Traders' Sentiment
Market sentiment has reached a perfect equilibrium once again, but the number of sell commands increased by 7% points, up to 65%.
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