© Dukascopy Bank SA
- National Australia Bank Ltd. (based on Bloomberg)
Pair's Outlook
USD/JPY pair appreciates further making a high at 89.67, the highest level since June, 2010. The major Asian currency pair demonstrates a significantly strong bullish impetus, which is pushing the price in an overbought zone. The RSI has a value of 83 in a weekly graph and 76 in a daily graph. The next resistance level is at 90.13, where the Bollinger band and the monthly R2 are located.
Traders' Sentiment
SWFX market investors still trade with bearish sentiments in the market, as 42% of positions are long and 58% are short. Pending orders segment is bullish, since 81% of orders are long and 19% are short.
© Dukascopy Bank SA