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- Matthews Asia (based on The Financial Time)
Pair's Outlook
Traders' Sentiment
Pair continuous its gamely rally. At the moment it is supported by weekly R1 and aims at 8 month high, which should be an easy task for the pair as indicators suggest. However, depending at what level will the week end, we might see a bearish correction some time soon.
Traders' Sentiment
Short traders continue holding slim majority in the market—at the moment they constitute for 53% of market participants. However, after taking a look at distribution of pending orders it is rather evident that situation can change rather quickly as 63% of pending orders are to go long.
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