© Dukascopy Bank SA
- Saxo Bank (based on Reuters)
Pair's Outlook
Pair has been depreciating for almost whole week. We should see some recovery in the new trading week, but it is very hard to predict pairs development after that as technical indicators are giving rather neutral outlook. However, a dip below 100 JPY level seems impossible.
Traders' Sentiment
At the end of the week markets preference towards the pair are becoming clearer—slim majority of traders, 57% to be exact, hold long positions on the pair. In the near future this mood should not change much as there is almost identical amount of long and short pending orders in the market.
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