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- Gaitame.com Research Institute Ltd. (based on Bloomberg)
Pair's Outlook
In the last two trading sessions, USD/JPY pair was driven by an extremely strong impulse, as the price breached a lot of resistance levels: the upper Bollinger line, the weekly R1 and R2. The next resistance is at 83.84, where the monthly R1 is found. The RSI value entered an overbought zone, as its value is 73.
Traders' Sentiment
Situation in USD/JPY pair changes notably, as the buy side increased to 78% and the sell side shrunk to 22%. Market participants enjoy the surge of the currency pair. Pending orders segment also brings changes, as the buy orders reached 92% and sell orders slipped to 8%.
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