© Dukascopy Bank
- T. Rowe Price (based on WSJ)
пЃ® Industry outlook
After being repelled by a resistance at 78.08, USD/JPY carries on edging lower. Additional levels at 78.89 (200 day ma), 80.00 and 79.80 (55 week ma) form an impenetrable for now resistance zone. Dips should be limited by 76.22, 75.94 and 75.31.
пЃ® Traders' sentiment
Traders' sentiment toward USD/JPY currency pair is neutral, as the portions of long and short positions are nearly the same, being 51.9% and 48.1%, respectively.
пЃ® Long position opened
Investors should pay attention to the identified with the help of the standard pivot point method resistance zones, as they might be useful during intraday trading. The initial resistance level is at the level of 76.93, whereas R2 and R3 are situated at 77.11 and 77.27 accordingly.
пЃ® Short position opened
Bearish market players will pay attention to a near-term support at 76.59. The downtrend continuation will establish following targets for traders: S2 at 76.43 and S3 at 76.25.
© Dukascopy Bank