© Dukascopy Bank SA
- Barclays Plc (based on Bloomberg)
Pair's Outlook
USD/JPY pair sharply increases for the second day. After the pair bounced from the 200-day SMA at 79.40, the price is surging and today made a new high at 80.95. However, currently USD/JPY is traded around the 80.80 level, where the upper Bollinger line goes. The price appreciation is possible, as indicators have not entered an oversold zone yet, but if increase loses its momentum, the divergence might appear with a risk for decrease.
Traders' Sentiment
Recent increase in USD/JPY pair, decreased the bullish sentiment very slightly, as the buy side has 70% part and the sell side only 30%. Placed orders distribution reached a new bullish record, as 86% orders were for a buy position and 14% for a sell.
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