Dukascopy - Analytics


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    EUR/JPY attempts to close above 135.00

    © Dukascopy Bank SA
    "Greece is no longer in arrears to the IMF. The Fund stands ready to continue assisting Greece in its efforts to return to financial stability and growth." 
    - Gerry Rice, IMF (based on Investing.com) 

    Pair's Outlook 
    On Monday, the EUR/JPY cross behaved according to expectations, as it edged up despite bearish technical indicators. Moreover, technical studies shifted to from distinctly bearish to mixed, suggesting the Euro is to edge higher again today. The 20-day SMA and weekly PP keep acting as the nearest resistance cluster around 135.50, but are unlikely to be reached by the end of the day. The main target for Tuesday is the area around 135.06, namely at yesterday's high. 

    Traders' Sentiment 
    The long and short position ratio is now equal to one. The number of orders to acquire the single currency, however, increased by 11 percentage points. The commands now take up 39%.
    © Dukascopy Bank SA

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