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- Kazaka Securities Co. (based on The Japan Times)
Pair's Outlook
Pair dipped below the weekly PP, but returned back above it and at the moment is hovering below the September high. In order to uplift this downside pressure the pair should advance above the October high. That would put 136.52 on the map. The pair should dip below the weekly PP which would put 133.73 on the map. It should provide enough support in the medium term. Failure there could sent the pair trailing to 131.
Traders' Sentiment
Market sentiment itself has not changed much. Bears account for 66% of market participants. That is 1% more than yesterday. In addition to this, pressure on the bears is decreasing as bullish side of pending orders decreased by 6% and is at 70% today.
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