USD/JPY stuck between 20 and 200-day SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"This payrolls number and the payrolls number next month will be really important in determining the outlook for the dollar."
- Commonwealth Foreign Exchange (based on MarketWatch)

Pair's Outlook

The 55-day SMA failed to hold the USD/JPY from a corrective rally yesterday. Nevertheless, the ten-week consolidation trend remains intact, implying that the pair could climb higher towards the 100-day SMA in the medium term. However, the immediate resistance, namely the 200-day SMA, might trigger a Greenback sell-off earlier, causing a slump towards 120.00 major level. A strong impetus is required for the USD to pierce the cluster around this area, which the employment data or Fed Chair's speech might cause this week.

Traders' Sentiment

The gap between the bulls and the bears widened from 32 to 42% points, with bears in the majority. There are now also more orders to sell the Buck, taking up 51% of the market (previously 39%).

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.