© Dukascopy Bank SA
- Mizuho Securities Co. (based on Bloomberg)
Pair's Outlook
USD/JPY pair erases a negative performance of this week's trading, and slightly steps higher, checking for a spark for a new bullish impetus. Currently, the price is on the weekly PP level at 82.16 and might move to any direction from here. Although the pair is in a bullish trend, but indicators tempts about an oversold zone: in a weekly graph the price checks the Bollinger line from above and a value of RSI fluctuates in 65-77 range.
Traders' Sentiment
A majority of SWFX market participants, 72%, have and an opened long position and only 28% of traders have a short position. Pending orders segment has reached significant extend of orders for a buy position: 92% are buy orders and only 8% are sell.
© Dukascopy Bank SA