© Dukascopy
- Westpac Banking Corp (based on Bloomberg)
Pair's Outlook
After yesterday's correction till the downtrend line at 78.69, the price has bounced back and still preserves a positive impetus. Price is very close to the one-month high, but is hold by a weekly R2 level at 79.13 to go further. In case the currency pair brakes it, next resistance level will be around 79.56/74, where the 200-day SMA and the three-month high are placed.
Traders' Sentiment
USD/JPY pair keeps a huge gap between long and short positions on SWFX market, as 70.4% traders have opened a long position and 29.6% a short one. Placed orders market is even more segmented, as 85.1% orders are for a long and 14.9% for a short.
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