Dukascopy - Analytics

    Dukascopy

    472.75 6.00/10
    83% of positive reviews
    Real

    EUR/JPY stands still

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    "A lot of international investors would use it as an opportunity to just sell to the ECB and leave the euro area, similar to what we have seen before."
     - Aberdeen Asset Management (based on Reuters)


    Pair's Outlook
    The EUR/JPY have not moved significantly today. After meeting a strong resistance line at 136.0, the monthly Pivot point, the cross failed to move anywhere above that level. If a break eventually appears, the path should be opened toward the weekly R1 level at 136.71. In contrary, the next support level is placed at weekly PP at 135.19.


     Traders' Sentiment
    The pair have lost some of the bullish market participants since the 50– pip pending orders are generally bearish now with 73% of shot orders. The 100– pip ones, on the contrary are bullish for 56%. Meanwhile, the actual orders are placed to be bearish for 51%.
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