Dukascopy - Analytics

Dukascopy

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EUR/JPY holds the previous close level

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"The Greek situation will remain a key factor at least until the Feb. 28 aid deadline. The development is likely to peak next week, giving time for at least one more round of upsets for the market."
 - IG Securities (based on Reuters )


Pair's Outlook
The EUR/JPY stayed eventually unchanged on Friday from the last day bullish close at 135.17. The pair fluctuated between the Alligator (13,8,5) indicator jaw line at 133.79 and the 20– day SMA at 135.19 today. The daily chars shows a possible bearish flag formation starting from the 25 January 2015. The EUR/JPY continue to trade below the 55– 100– and 200– day SMA.


Traders' Sentiment
The sentiment from the market participants did not change at the end of the week. 49% of all traders are holding their long positions for the third consecutive day. Meanwhile, the 50– pip order are set on the bullish side mostly, in 89% of the case.
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