Note: This section contains information in English only."If anything we may see more about the yen and this is what the option market is pricing in. Given that the BoJ has had a good track record for disappointing the market since the start of the year, the risk is the yen could strengthen a little bit against the other majors."
- BBVA (based on Business Recorder)
Pair's Outlook
[ANNOUNCE]Despite a better-than-expected US CPI, the US Dollar failed to post solid gains on Friday.[/ANNOUNCE] Today, however, the pair's potential to edge higher is limited, due to a tough resistance area located right on top of the opening price. Moreover, the USD/JPY currency pair remains in a down-trend, which only weighs on the pair's ability to appreciate. From below the Greenback is supported by the weekly S1, which is located at 101.37. However, a much stronger cluster lies around 100.60, represented by the monthly S1, the 50% Fibo, the weekly S2 and the Bollinger band. Meanwhile, technical indicators are giving mixed signals in the daily timeframe.
Traders' Sentiment
Today 70% of all open positions are long, unchanged since Friday. The share of buy orders, on the other hand, dropped from 52 to 29%.
Mon, 19 Sep 2016 07:25:07 GMT
Source: Dukascopy Bank SA
- BBVA (based on Business Recorder)
Pair's Outlook
[ANNOUNCE]Despite a better-than-expected US CPI, the US Dollar failed to post solid gains on Friday.[/ANNOUNCE] Today, however, the pair's potential to edge higher is limited, due to a tough resistance area located right on top of the opening price. Moreover, the USD/JPY currency pair remains in a down-trend, which only weighs on the pair's ability to appreciate. From below the Greenback is supported by the weekly S1, which is located at 101.37. However, a much stronger cluster lies around 100.60, represented by the monthly S1, the 50% Fibo, the weekly S2 and the Bollinger band. Meanwhile, technical indicators are giving mixed signals in the daily timeframe.
Traders' Sentiment
Today 70% of all open positions are long, unchanged since Friday. The share of buy orders, on the other hand, dropped from 52 to 29%.