© Dukascopy Bank SA
- Euler Hermes ACI (based on Reuters)
Pair's Outlook
Yesterday USD/JPY pair stepped even higher topping a new peak, but closed slightly lower at 0.9464, where historical support/resistance levels converge. Today the price shows negative performance, but the trouble for a further decrease stays the 200-day SMA at 0.9450. If the price passes this level, a depreciation will increase its momentum. In this case, possible support levels will be at a 0.9368-0.9330 area, which is bounded by the weekly PP and S1 and 20-day and 55-day SMAs inside.
Traders' Sentiment
Bulls maintain their positions in SWFX market today, as the majority of traders, 71%, prefer to have a long position of USD/CHF. Placed orders market provides slightly lighter segmentation data, as 69% orders are for buy and 31% for sell.
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