"The distribution between the buy and sell orders has widened considerably as they are at 36% and 64% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 120.77 (weekly R3). At the same time, if the selling pressure increases a decline could be limited by the closest support
"The distribution between the buy and sell orders is very stable—48% and 52% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 120.77 (weekly R3). At the same time, if the selling pressure increases a decline could be limited by the closest support that is placed at 119.77
"The distribution between the buy and sell orders is quite stable—44% and 56% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 119.77 (weekly R2). At the same time, if the selling pressure increases a decline could be limited by the closest support that is placed at 119.23/11
The USD/JPY cross fell 0.31% in the first day of the week; however, it managed to set a new this year's high. Japan's manufacturing sector has not been the most influential to the currency; although, it still played relatively important role in the currency pair's development, since not many news related to USD/JPY was released. Japan's manufacturing sector continued to
On Friday the US Dollar rebounded 0.8%, after falling for three straight days against the Japanese currency. This price move could come as a surprise since on Friday were not released any data that could favor the Greenback; however, the overall bullish bias towards the pair pushed it higher. Nonetheless, if there were no major data on Friday, then there
The Japanese Yen slipped 0.14% against the US currency, making it the third straight daily loss for the currency pair. The main driver for that was the disappointing US durable goods orders, unemployment claims and new home sales that all were released worst than expected; however, the US Dollar's decline was subdued due to the fact that this is the