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- Rakuten Securities Inc. (based on Bloomberg)
Pair's Outlook
Yesterday USD/JPY pair was slightly depreciating, as it found a sufficient resistance level at 79.99, which is a historical level from a previous spring. As the price recently showed a rapid increase and RSI in D1 graph reached a value of 76, it is very natural that price falls in some correction. However, it very hard to say, how the price will perform in the near future, as the decision from the Bank of Japan is under speculations.
Traders' Sentiment
SWFX market data changes by 1%, keeping bullish sentiments, as 73% have a long position and 27% have a short. Placed orders segment is divided by a 4:1 ratio, as 81% orders are for a long position and 19% for a short.
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