© Dukascopy Bank SA
- Bank of Japan (based on Market Watch)
Pair's Outlook
Pair started peek rather passively hovering in 20 pip range. Today It tried to depreciate to 102.5, but climber back to 103 JPY after receiving a bullish impetus from 20 bar SMA. It is likely pair will step up some more and regain some of last weeks losses as monthly R1 and weekly PP should not be much of trouble.
Traders' Sentiment
Amount of bears remains rather stable around 60% mark for this week as well. Amount of pending buy orders decreased only by minor 1% since Friday and is at the same level as for majority for the last week—59%.
© Dukascopy Bank SA