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- DZ Bank AG . (based on Bloomberg)
Pair's Outlook
The Japanese Yen regained some losses from the Fridays' dive. In details, the 61.80% Fibonacci level at 140.022 is acting as a strong support this Monday, letting the pair to fluctuate within its level and the 4– hour 20– day SMA at 140.877, or the 200– day SMA at the daily chart. Meanwhile, the cross continues to slide closer to the 2009 high at 139.407, which level also lays on a channel support line. However, the Bollinger band at 139.68 is needed to be broken first.
Traders' Sentiment
The long placed orders in a 50– pip range were closed by 84%, sliding from 55% of opened positions to 8%. On the other hand, the 100– pip long ones are placed for 39% of market participants, 22% less from the previous update.
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